Investors develop wind power projects to enjoy good prices

If Vietnam can create reasonable policies and keep strict control over the development, it may become an emerging market in the wind power industry.

There is a ‘wind power rush’ in Mekong River Delta as many investors race against the clock to set up wind power projects to be able to enjoy the selling price of 9.8 cent per kwh for offshore projects and 8.5 cent for onshore ones.

Investors develop wind power projects to enjoy good prices



In late February 2020, Janakuasa Pte Ltd (Singapore) and Ecotech Tra Vinh (Vietnam) organized the groundbreaking ceremony to build the 78 MW Hiep Thanh windpower plant in Tra Vinh province.

The project has investment capital of VND3.4 trillion, covering 2,800 hectares of land and water surface and puts out 300 million kwh a year. The first turbine is scheduled to become operational by early 2021 and the whole project would be completed by mid-2021.

However, Ti Chee Liang, president of Ecotech Tra Vinh, said the plant may be put into commercial operation sooner than scheduled.

If Vietnam can create reasonable policies and keep strict control over the development, it may become an emerging market in the wind power industry.

Some days ago, the construction of the plant No 3 of BPP Vinh Chau Wind Power with the investment capital of VND1.365 trillion and the capacity of 29.4 MW for the first phase started in Soc Trang province.

 

On March 5, another wind power project, 129 MW, kicked off in Vinh Chau commune of Soc Trang province by Quoc Vinh Soc Trang Wind Power.

According to the Electricity of Vietnam (EVN), as of the end of January 2020, besides the nine projects which got certificates for commercial operation, there are other 31 projects with total capacity of 1,645 MW which have signed PPA (power purchase agreements). Another 60 projects with total capacity of 2,700 MW have been added to the national wind power development plan by 2025.

Scott Powers from Siemens Gamesa Renewable Energy Vietnam, commented that with the electricity prices (8.5 cent and 9.8 cent, which are higher than the 7.8 cent level mentioned in 2018) applied until November 2021, Vietnam may become an emerging market in the wind power industry.

The company has signed contracts on providing equipment to 700 MW wind power in Vietnam, or seven or eight projects.

But there are still many things investors need to consider before making investment decisions.

Ti Chee Liang said there are still no detailed regulations on sea surface rents, therefore, investors have to discuss with the Ministry of Natural Resources and Environment (MONRE) about the renting of the sea in accordance with the turbine pole area or the whole sea surface.

There are also no regulations about incentives in sea surface renting and tax incentives. 

Mai Lan

Wind power projects boom in Tra Vinh

Wind power projects boom in Tra Vinh

The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding VND42 trillion ($1.8 billion).

Wind power key to Vietnam’s renewable power supply: experts

Wind power key to Vietnam’s renewable power supply: experts

Wind power is a clean energy solution for Vietnam in the coming years as the country has huge potential in the field, energy experts has said.

 
 

Other News

.
Vietnamese Covid-19 vaccine test on mice shows positive signs
Vietnamese Covid-19 vaccine test on mice shows positive signs
SCI-TECH & ENVIRONMENTicon  08/05/2020 

Vietnam has seen some initial positive results for the test of a locally-made Covid-19 vaccine on mice.

No appropriate solutions implemented to improve pollution
No appropriate solutions implemented to improve pollution
SCI-TECH & ENVIRONMENTicon  09/05/2020 

An increase in the number of industrial zones has been polluting Vietnam’s environment, and there are no appropriate solutions in place, 

Binh Thuan declares Level 2 drought emergency
Binh Thuan declares Level 2 drought emergency
SCI-TECH & ENVIRONMENTicon  08/05/2020 

The south-central coastal province of Binh Thuan declared a Level 2 emergency on May 7 regarding drought and water shortages.

ITU Digital World postponed until September 2021
ITU Digital World postponed until September 2021
SCI-TECH & ENVIRONMENTicon  07/05/2020 

The International Telecommunication Union (ITU) Digital World will be organised in Hanoi in September 2021, instead of September 2020, due to impacts of the COVID-19 pandemic.

Revenues of Vietnam’s software and IT services hit US$9 billion
Revenues of Vietnam’s software and IT services hit US$9 billion
SCI-TECH & ENVIRONMENTicon  08/05/2020 

The country is ranked among the five most attractive economies in terms of software export services.

Science-led solutions needed for Lower Mekong region: Experts
Science-led solutions needed for Lower Mekong region: Experts
SCI-TECH & ENVIRONMENTicon  08/05/2020 

Voices, opinions, and experiences from the local community and experts should be taken seriously for any policy making process.

Coronavirus mutations: Scientists puzzle over impact
Coronavirus mutations: Scientists puzzle over impact
SCI-TECH & ENVIRONMENTicon  07/05/2020 

A study has identified a mutation that its authors say could make the coronavirus more infectious.

Nation ready to enjoy Super Flower Moon on May 7
Nation ready to enjoy Super Flower Moon on May 7
SCI-TECH & ENVIRONMENTicon  07/05/2020 

The last supermoon of the year will take place on May 7, with local people getting ready to enjoy the chance to admire the Super Flower Moon.

Google Maps removes wrongful information about beach in Vietnam’s Phu Yen province
Google Maps removes wrongful information about beach in Vietnam’s Phu Yen province
SCI-TECH & ENVIRONMENTicon  07/05/2020 

Google Maps has removed false information about Phu Lam beach in Vietnam’s south-central coastal province of Phu Yen, according to a local official.

Fee for industrial wastewater treatment in Vietnam to be changed in 2021
Fee for industrial wastewater treatment in Vietnam to be changed in 2021
SCI-TECH & ENVIRONMENTicon  07/05/2020 

The Government has issued a new decree on environmental protection fees for industrial wastewater treatment that will replace Decree 154 in 2016.

Construction on biggest data centre in Vietnam starts
Construction on biggest data centre in Vietnam starts
SCI-TECH & ENVIRONMENTicon  07/05/2020 

Construction on the country's the largest data centre, owned by FPT Telecom, officially started at the Hi-Tech Park in HCM City on Monday.

UV indexes soar as big cities in Vietnam enter heat wave
UV indexes soar as big cities in Vietnam enter heat wave
SCI-TECH & ENVIRONMENTicon  07/05/2020 

Ultraviolet (UV) indexes in Hanoi, HCM City and Da Nang on Wednesday are forecasted to reach strong and very strong levels, raising the risk of skin damage in direct sunlight.

HCM City launches app to assess COVID-19 transmission risks
HCM City launches app to assess COVID-19 transmission risks
SCI-TECH & ENVIRONMENTicon  06/05/2020 

The HCM City Department of Information and Communications on May 5 launched an application that will help assess COVID-19 transmission risks.

Scientists explain magnetic pole's wanderings
Scientists explain magnetic pole's wanderings
SCI-TECH & ENVIRONMENTicon  06/05/2020 

The North Magnetic Pole has been racing across the top of the world, from Canada towards Siberia.

HCM City moves closer to smart city model
HCM City moves closer to smart city model
SCI-TECH & ENVIRONMENTicon  06/05/2020 

HCM City is moving toward becoming a smart city, the city’s chairman Nguyen Thanh Phong told Nguoi Lao Dong newspaper on the sidelines of a meeting on May 5.

PewDiePie signs exclusive live-streaming deal with YouTube
PewDiePie signs exclusive live-streaming deal with YouTube
SCI-TECH & ENVIRONMENTicon  05/05/2020 

YouTube's biggest star will stream on the platform again, after defecting to a rival in 2019.

Rumours swirl Apple could be set to open a factory in Vietnam
Rumours swirl Apple could be set to open a factory in Vietnam
SCI-TECH & ENVIRONMENTicon  05/05/2020 

Tech giant Apple of the United States has been stepping up recruitment for a number of positions in both Hanoi and Ho Chi Minh City, raising the possibility that they are seeking to set up a factory in Vietnam.

Ca Mau dyke network seeing severe subsidence
Ca Mau dyke network seeing severe subsidence
SCI-TECH & ENVIRONMENTicon  05/05/2020 

Some 1,670 metres of dykes in U Minh district’s Khanh Tien commune in the southernmost province of Ca Mau have subsided in recent times - the latest in a number of similar incidents along the dyke network facing the Gulf of Thailand.

Netflix stops Vietnamese scammers by eliminating free trial period
Netflix stops Vietnamese scammers by eliminating free trial period
SCI-TECH & ENVIRONMENTicon  05/05/2020 

Netflix, the most popular movie and TV streaming service, has taken action to prevent account fraud.

Vietnam to develop modern air monitoring network
Vietnam to develop modern air monitoring network
SCI-TECH & ENVIRONMENTicon  05/05/2020 

The Ministry of Natural Resources and Environment (MONRE) is moving ahead with a project on building 19 automatic air environment monitoring stations in 17 cities and provinces and 20 stations specializing in measuring PM2.5 dust.

 
 
 
Leave your comment on an article

OR QUICK LOGIN