renewable energy

Update news renewable energy

Vietnam updates Power Plan VIII: 154 solar projects back on track

154 solar power projects, previously flagged for violations, will be integrated into the updated National Power Development Plan after resolving their issues.

SEACEF II invests $10 million in Vietnam’s clean energy firm

Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy to advance innovative distributed energy solutions.

Vietnam climbs to 32nd in world energy transition rankings

Learn about the key factors contributing to Vietnam's 32nd rank in the clean energy transition index and what lies ahead for its sustainable energy journey.

Renewable energy allowed to be traded directly

Producers and customers can now directly buy and sell clean energy through a power purchase agreement, with electricity prices determined by mutual agreement between both parties.

FIT pricing scheme for renewables no longer reasonable: Ministry

Regarding policies for renewables development, the Ministry of Industry and Trade (MOIT) believes that it is time to shift from support to competition policies.

Vietnam Energy Outlook Report 2024 launched

With enormous potential for solar power, onshore and offshore wind power, Vietnam is well positioned to transform its energy sector from fossil fuels to renewable energy and leverage its national resources.

How high should renewable-power prices be?

The government of Vietnam needs to set renewables prices at reasonable levels that can benefit investors, EVN and consumers, experts say.

Vietnam joins world’s ‘clean energy train’

LNG (liquefied natural gas) is considered the trump card of clean energy trends. Vietnam is following the trend, having committed to reduce net emissions to zero by 2050.

Government urged to create legal framework for LNG imports

Experts believe that use of LNG (liquefied natural gas) will continue, but Vietnam still doesn’t have a legal framework on LNG import and business.

The rapid development of solar and wind power in Vietnam

Since 2017, many solar power and wind power projects have been implemented in Vietnam, marking the country as a bright spot on the world's renewable energy map.

DPPA draft decree submitted to the Gov’t for consideration

The Ministry of Industry and Trade has submitted the long-waited draft decree on direct purchase agreement (DPPA) to the Government for approval.

Twenty-nine renewable energy projects connected to national grid

Twenty-nine renewable energy projects with a total capacity of more than 1,577 MW have been supplying energy to the national power grid.

VN wants to develop renewable power sources by using 'direct purchases'

Electricity of Vietnam (EVN) president Dang Hoang An believes that it is possible to create a direct power purchase market with no limitations in terms of buyers and sellers.

VN needs to prioritise non-traditional energy source development

This strategic move is crucial for the nation to attain its target of net-zero emissions by 2050.

LNG-fired power too expensive, pricing problems remain unsettled

LNG-fired power is seen as a good solution to emission reductions because power plants running on LNG generate 50 percent fewer CO2 emissions than one burning coal. But production costs will be high, VND2,400-2,800/kwh.

Government promotes renewable-electricity policy

Now implementing the eighth national power development plan in 2021-2020 (Plan 8), the government has requested the Ministry of Industry and Trade (MOIT) to urgently fulfill procedures to create policies for renewable electricity development.

National Power Plan 8 needs clarifications: experts

After the Prime Minister released Decision 500 approving the eighth national power development plan (Plan 8), agencies and investors were expecting an overall plan, open and transparent, that guides the implementation of the plan.

VCCI proposes power transactions between residents living in same buildings

VCCI has proposed that the Ministry of Industry and Trade (MOIT) amend current regulations and allow clients in the same buildings to sell or buy rooftop solar power directly to each other without transmitting electricity through the national grid.

Solar power projects found breaching regulations

The Government Inspectorate has forwarded dossiers about four power projects in Ninh Thuan to the Ministry of Public Security for investigation. Meanwhile, two floating solar power projects in Ba Ria – Vung Tau have been found violating the Land Law.

VN’s renewables need long-term strategy and faster localisation

Without a long-term strategy and faster localisation, Vietnam's energy sector could very well fall short in the competition for renewable energy market share on home ground, said industry insiders and experts.