Solar power capacity is increasing thanks to significant changes in feed-in-tariff.

A researcher on renewable energy, Dr Vo Viet Cuong, from the Electrical and Electronic Engineering Faculty under the HCM City University of Technology and Education, has noted that there is no absolutely clean energy.

The value of the Vietnamese renewable energy sector may reach US$714 billion and it may keep developing for at least 25 years, Vietinbank Securities JSC said in a report.

Vietnam’s electricity output is forecast to rise to 950 billion kWh by 2045 to meet the growing demand for economic expansion.

According to the Electricity of Vietnam (EVN), the total capacity of rooftop solar power projects in southern provinces now makes up 60 percent of its total solar power capacity nationwide.

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.

Vietnam aims to raise its renewable energy sources to 15-20 per cent of the total energy supply by 2030 and 25-30 cent by 2045.

Vietnam has become an importer of coal, oil and gas, but experts have warned against a high reliance on imports.

An electricity shortage did not occur in 2010-2019, but it may face a problem in 2021-2025 as a series of electricity generation projects have been going slowly.

Vietnam would face the risk of power shortages from 2021-25 due to slow progress at many large power projects both in the northern and southern...

Though the LNG market in Vietnam is still in its infancy, both state-owned enterprises like PV Gas and private companies like Angelin Energy see its great potential, reported Nhip Cau Dau Tu.

Vietnam has demonstrated significant progress in promoting renewable energy thanks to its policies over recent years, 

Thanks to the government’s recent mechanisms on renewable energy, Vietnam is doing all it can to facilitate further attraction of the private sector.

Existing legal loopholes have been exploited by many investors taking advantage of incentives given to rooftop solar power projects.

Like other countries, Vietnam is striving to use more renewable energy instead of fossil fuels.

Vietnam is drafting the eighth national power development master plan after failure to implement electricity generation and electricity network projects under the seventh plan.

Many private enterprises said they want to invest in building renewable energy infrastructure, but Viet Nam still lacks mechanisms to encourage private enterprises to participate in this activity.

Around 12,000 MW of wind power has been added to the national power development plan, which has raised concern about the overloading of the transmission grid.

As wind and solar power project developers now can enjoy a high FIT (feed in tariff) price, investors are registering more projects to resell for profit.

The development of wind and solar power has not reached its great potential, especially in the central and southern region, experts have said.