Update news wind power
Ho Chi Minh City-based Terra Wood is planning to develop two renewable energy plants in the central province of Quang Ngai to tap into the local wind and solar resources.
VietNamNet Bridge - Wind-power projects, which require high investment capital, remain unpopular as EVN pays a low rate for electrical power.
VietNamNet Bridge – Vietnamese investors say they can only make a profit if windpower is bought at more than 17 US cents per kwh by 2015. But foreign investors have not shown interest in such purchases.
VietNamNet Bridge – Only three out of the total 48 registered wind power projects have become operational so far. There has been not the slightest commotion about the others.
VietNamNet Bridge – The government has been warned that it would fail to implement the wind power development strategy if it does not raise the buy price to UScent12-13.5 per kwh.
VietNamNet Bridge – The low selling prices that the government set for wind power cannot encourage the investment in the renewable power sector.
VietNamNet Bridge – Vietnam Electricity Group will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.
The electricity outage occurring in all the southern provinces some days ago and the electricity cuts in the first month of summer has made businesses worried stiff.
The Bac Lieu wind power project has succeeded. However, this does not mean that the problems have all been settled. And they would still be the hindrance to the other wind power projects in the future.
Experts all have agreed that it’s necessary to offer big investment incentives to encourage investors to pour money into wind power projects, but they still have not agreed on how big the preferences should be.
Sixteen wind power projects are expected to be developed in the central province of Binh Thuan, where there is a profuse wind source and favorable conditions for wind power plant development.