The Ministry of Industry and Trade (MOIT) on January 7 issued a decision on the price framework for solar and wind power projects.

Amid global changes in energy security, sunshine and wind are free, abundant, eco-friendly natural resources, well serving the renewable energy revolution for a more sustainable and greener future.

The story about the most beautiful solar power farm in Vietnam – An Hao - in the southern province of An Giang contains extremely special values that need to be remembered.

Vietnam Electricity (EVN) proposed the Ministry of Industry and Trade reduce the purchase price of wind and solar power by 30 percent compared to the current one.

The Ministry of Industry and Trade (MOIT), which has oversight management of the electricity sector, is responsible for the supervision of proposals by Trung Nam Thuan Nam Solar Power to stop the usage of electricity without fixed pricing.

The government has chosen wind power and renewable energy in general to implement global commitments by 2050. But this is not expected to be a smooth path for a developing country like Vietnam.

Barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity.

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.

During a recent meeting with officials of the Sao Mai Group, Ms. Christine Gandomi, deputy director of the Program Development Office for USAID Vietnam, said: “The An Hao Solar Power Plant operates with very high efficiency.”

US President Joe Biden on June 6 announced a 24-month tax exemption for solar panels imported from four Southeast Asian countries, including Vietnam, to promote clean energy production in the country.

The Ministry of Industry and Trade (MOIT) has submitted a statement to the Prime Minister on a bidding mechanism which allows purchase of electricity from solar and wind power projects which remain unfinished.

The Government Inspectorate has decided to inspect the observance of policies and laws in the implementation of planning and investment in the construction of power projects under the Power Master Plan VII and the revised Power Master Plan VII.

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.

AC Energy (ACEN), a subsidiary of Filipino billionaire Jaime Zobel de Ayala’s Ayala Corp, has agreed to buy a 49% stake in Solar NT, a unit of Thailand’s Super Energy Corp. operating in Vietnam, according to forbes.com.

Thai energy company Banpu PCL has agreed to acquire the companies holding a 50-MW portfolio of two solar parks in Vietnam in a deal worth 26.7 million USD, according to the company.

According to a report published by the World Bank, Vietnam can develop 5-10GW of offshore wind power by 2030, generating about $60 billion in added value.

The Ministry of Industry and Trade will not add any more wind and solar power into this year's plan, due to a lack of input facilities to transfer them to the national grid.

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

After a boom in solar development thanks to incentives given in 2020, Vietnam held back due to a policy gap that has pushed investors into an awkward situation this year.

Wind and solar power plants will emit huge amounts of waste of up to hundreds of thousands of tons in the next 10 years.