The fate of unfinished wind power projects which failed to enjoy the FIT (feed in tariff) because they could not become operational prior to November 1, 2021 is uncertain.

The Mekong Delta will need to optimise its natural conditions to develop renewable energy and attract investment in the sector to mitigate the impacts of climate change, experts have said.

Power demand in Vietnam has increased by 10% per annum, which has required the country to use clean energy technologies, including rooftop solar power, to maintain high economic growth.

Deputy Prime Minister Le Van Thanh said the eighth national power development plan is designed in a way to put the common good and interests first.

Vietnam is known as a factory of the world. But with commitments made at the 2021 United Nations Climate Change Conference, more commonly referred to as COP26, Vietnam must become a "green factory", a green production center of the world.

The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021.

The Ministry of Industry and Trade (MOIT) has come to several conclusions after its review of issues related to rooftop solar power development.

The central region is appealing to investors in the field of renewable energy to capitalise on its natural resources and boost economic development.

The total coal-fired thermal power capacity in the eighth national electricity development plan (Plan 8) is 14,800MW lower than the revised seventh plan. Vietnam is also considering developing offshore wind power.

Vietnam’s target of raising renewable electricity to 45% of the national power generation capacity by 2030 and the need for investment worth up to $14 billion towards this goal have created opportunities for domestic and foreign firms.

Vietnam’s commitment to achieving net zero emissions by 2050 at COP26 is expected to bring a tailwind of opportunities, facilitating the export of made-in-Vietnam products.

Deputy Minister of Industry and Trade Dang Hoang An has asked localities to compile the lists of wind and solar power plants in their areas.

In the Draft Power Development Planning 8, one of the power source scenarios with the highest scores is the development of power sources associated with renewable energy under Resolution 55 of the Politburo.

A clear power policy and early publication of new power planning are urgently needed for Vietnam to attract private capital in infrastructure energy.

European financial institutions are displaying their optimism about Vietnam’s sustainability path by fostering green financing alternatives, thus empowering the country to fulfil its net-zero carbon emission promise by 2050.

A mass of applications to develop wind power farms have been sent to Lang Son People’s Committee and Lang Son Department of Industry and Trade.

Vietnam’s commitments at 26th United Nations Climate Change Conference of the Parties (COP 26) will have a big impact on the country’s energy system. 

A Policy Dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” was held via an online format on January 11 by independent think tank Vietnam Initiative for Energy Transition (VIETSE).

The Feed in Tariff (FIT) incentive helps attract a private investors but there are still bottlenecks that causes them to hesitate to pour money into solar and wind power projects.

Developing energy is a strategic task to realise the goal of industrialisation and modernisation.