A discussion in Hanoi on February 25 called for smarter energy choices, given the impacts of coal power generation on air quality and air pollution’s influence on human health.

The Politburo will encourage all economic sectors, especially private businesses, to invest in energy projects, Party General Secretary, President Nguyen Phu Trong has said.

The Ministry of Industry and Trade (MoIT) has had a change of heart on the bidding mechanism for solar power tariffs in Vietnam.

The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth.

The Vietnam Business Forum will roll out next week the second edition of the Made in Vietnam Energy Plan (MVEP 2.0).

Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam,but the development of such projects has been hampered by a number of challenges,  according to a survey by Grant Thornton, 

The ADB has signed a 37.8 million-USD loan deal with TTC Energy Development Investment JSC (TTC Energy) to provide long-term financing to develop and operate a 50-MW photovoltaic solar power plant in Tay Ninh.

Power supply for production and domestic consumption in 2020 would be ensured, according to the Ministry of Industry and Trade (MoIT).

Vietnam has offered a very high price for solar power to attract investment in this energy segment, but the country now has to recalculate the pricing to ensure sustainable development for this renewable energy.

Vietnam and the Czech Republic will enhance environmental collaboration under an action plan for cooperation during 2020-2025 signed between the two Ministers of Natural Resources and Environment in Prague on December 13.

Legal or regulatory obstacles with a low level of certainty and issues concerning grid access for private projects, are the most pressing to private investment.

After months of uncertainty over the policy, the much awaited next round of purchase prices in solar power may be set through auction instead of enjoying the same feed-in tariff required elsewhere. 

While Vietnam is facing many challenges in producing electricity, renewable energy is emerging as the tipping point for advancing development that is inclusive and sustainable in the country. 

When the purchase prices of solar power are set through auction, prices are expected to fall by 30%-40% from the current levels, said experts at a seminar yesterday.

Clear polices would greatly help provide a vision with specific targets of renewable energy for both authorities and investors in the road map ahead.

The central province of Ninh Thuan has seen a boom in renewable energy projects, especially solar power, but power transmission lines in the province have failed to handle the capacity, experts have said.

The Ministry of Industry and Trade has proposed the prime minister allow for more power grid projects than earlier planned to handle the high capacity of wind and solar power projects in Ninh Thuan and Binh Thuan.

The tardiness in upgrading electricity transmission networks is expected to cause big losses to solar power plants in Ninh Thuan.

In 2030, wind and solar power will be more cost-effective than coal. 

Spain-based ACCIONA, a world leading company in sustainable infrastructure solutions and renewable energy projects for nearly 100 years, has officially entered Vietnam by celebrating the “Country Launch Event of ACCIONA Vietnam” in HCM City.