Update news wind power
Across the first half of 2020, the government approved an additional 91 wind energy projects, onshore and offshore, with a total capacity of over 7GW.
Input costs for both solar and wind power in Vietnam fell respective 75% and 30% in 2012-2017.
Work on construction of the Dong Hai 1 wind power plant, second phase, began in Long Dien Dong commune, Dong Hai district of the Mekong Delta province of Bac Lieu on October 10.
In order to ensure transparency and stability in the selling price of wind power, EVN opposes the Ministry of Industry and Trade's proposal to extend the deadline on the current feed-in tariff (FiT) scheme for wind power projects
Provincial authorities are responsible for choosing investors and implementing the newly added projects.
Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas.
The Ministry of Industry and Trade has written to the Government proposing extending feed-in tariffs (FITs) for wind power projects until the end of 2023.
Instead of rushing to build wind and solar power plants as seen a year ago, investors now have no other choice but to wait.
The Mekong Delta city of Can Tho on April 21 launched a project on promoting low-carbon transformation in the energy sector for the 2020-2030 period and with a vision to 2050.
If Vietnam can create reasonable policies and keep strict control over the development, it may become an emerging market in the wind power industry.