Update news wind power
A number of hydraulic and thermal power projects in the north are under execution. Many of them have been proceeding slowly for many years, and it is unclear when they will be completed.
Investors have repeatedly complained that prices for clean power are too low, but the Ministry of Industry and Trade (MOIT) has said the prices for wind and solar power were set after suggestions by an independent consultancy council.
Thirty-six wind and solar power investors have sent a document to the Prime Minister requesting to fix problems in the pricing mechanism for transitional wind and solar power projects.
The Ministry of Industry and Trade (MOIT) on January 7 issued a decision on the price framework for solar and wind power projects.
Negotiations about wind and solar power prices must observe the principles of publicity, transparency and consensus with investors.
The Asian Development Bank (ADB) has signed a 107 million USD financing project with BIM Wind Power Joint Stock Company (BIM Wind) to assist the operation of an 88 MW wind farm in the south central province of Ninh Thuan.
Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth.
Many wind power projects in Quang Tri are behind schedule because of unfavorable weather conditions, the impact of the Covid-19 pandemic, slow site clearance and an unclear tariff scheme.
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.
Vietnam Electricity Group (EVN) is seeking approval from the Government to develop 4,000MW wind power projects off the Gulf of Tonkin in northern Vietnam to ensure national energy security.
The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price.
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.
The Ministry of Public Security (MPS) is collecting information about credit contracts, outstanding loans and debt classification of project developers, while the Ministry of Industry and Trade (MOIT) has proposed new mechanisms for the projects.
Chairman of the Lang Son Provincial People’s Committee Ho Tien Thieu held a meeting with BayWa r.e. Wind Projects Vietnam Co. Ltd. on June 8 to discuss investment in wind power projects in the northern mountainous province.