wind power

Update news wind power

The government this month requested the Ministry of Industry and Trade to review and re-submit the Power Development Plan VIII as the scheme is geared towards speeding up establishment of a competitive electricity market.

Offshore wind power still has great potential

Many large corporations want to develop offshore wind power projects in Vietnam, but existing bottlenecks have made them hesitant to proceed.

Wind power fuels green growth in Vietnam: IFC

Despite Vietnam’s huge potential, by the end of 2020, wind power accounted for less than 1 per cent (or 670MW) of the nation’s total installed capacity.

Offshore wind likely contribute 12% to Vietnam’s power by 2035: World Bank

Vietnam has a globally relevant offshore wind resource, enabling it to generate 30% of total national electricity by 2050.

Renewable power projects built to sell to foreign investors

Vietnam, a global phenomenon in renewable energy development, has risen to the top of the region in terms of renewable energy, particularly solar power, in a short period of time. 

Renewable energy output up nearly 160 percent during Jan-Apr

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9% year-on-year, and accounting for 11.8 percent of the total electricity output, according to Vietnam Electricity.

Businesses stuck amid ministries’ disagreement about tax refunds

A number of wind power projects are facing difficulties as taxation agencies have stopped VAT refunds.

The risks of wind power development

Wind and solar power are sustainable energy sources that are prioritized for development.

Conditions in place for offshore development

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, 

Wind power: investors wait for PM’s decision on Feed-in-Tariff price

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

Vietnam to develop wind, solar power, but safety concerns exist

Wind and solar power continues to be prioritized but solutions are needed to ensure the safety of the electricity system when operating volatile sources of energy.

Wind, solar power projects complain about VAT refunds

Wind power developers, who are running against time to put their projects into operation prior to November 2021, now face another problem: they may not get a VAT (value added tax) refund because of certain regulations.

Wind power overdevelopment faces risks

Sharing the same fate as solar power, sales of wind power in Vietnam are expected to be difficult because of "severe excess electricity" at some point in time.

Wind power investors warned about risks of overdevelopment

Many wind power projects are being developed at a time when the transmission line has become overloaded. As a result, there could be difficulty selling power.

In wind-power metropolis, land is as expensive as gold

In Huong Hoa, called the "wind-power metropolis" of Vietnam, one sao (1 sao = 360 square meters) of hilly land is priced at VND4 billion.

UK investors eye renewable energy in Vietnam

Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, 

Wind, solar power sees new boom

Many wind and solar power projects are awaiting approval to be added to the list of projects to be developed under the national power development plan.

Renewable energy to become a trend

According to experts, the dominant energy technology in the future will be energy storage devices, solar panels, clean hydrogen and wind energy.

Vietnam might lose position of leading SE wind market: GWEC

Steep reduction of feed-in-tariff (FIT) is believed to derail investment in new and planned wind projects in Vietnam.

Wind power developers worried about low electricity price

The Ministry of Industry and Trade (MOIT) has proposed continuing the FIT (feed in tariff) for wind power, but lowering the tariff by 20 percent, causing concern among wind power developers.