Tens of solar power projects have been bought by foreign investors through M&A deals.

While the renewable energy industry found favor among many foreign firms and foreign investment funds in the past, now, local players have become increasingly active, 

The Prime Minister’s Decision 13 on solar power projects in Vietnam, which took effect on May 22, will give a push to the development of this kind of clean energy.

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.

Electricity of Vietnam (EVN) group has required the Ministry of Industyr and Trade (MoIT) to publish the list of grid-connected solar power projects which were added to the power planning of Ninh Thuan.

While the world is fleeing from coal, Vietnam is becoming increasingly addicted to coal, according to Nguyen Dang Anh Thi, an energy and enviornment expert.

Vietnam saved 436,000kWh of electricity, equivalent to 812.9 million VND (34,928 USD), for one hour from 20:30 to 21:30 on March 28, in response to Earth Hour 2020, according to the National Power Dispatch Centre.

While Vietnam’s wind investors are in a race to reap incentives before the November 2021 deadline hits, concerns remain that a boom in solar power projects will lead to a reduction in capacities.

If Vietnam can create reasonable policies and keep strict control over the development, it may become an emerging market in the wind power industry.

Investors are no longer rushing to pour money into solar power projects because the new solar power purchase price is considered unattractive.

The Ministry of Industry and Trade has called for no increases in the electricity price until the end of the second quarter at the earliest to support businesses amid the novel coronavirus (COVID-19) outbreak.

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.

Vietnam has recently created several favourable policies, including the Politburo’s Resolution No.55-NQ/TW on the orientation of Vietnam’s national energy development strategy to 2030 with a vision towards 2045.

An energy strategy that focuses on renewables, natural gas, energy efficiency and battery storage will attract private sector investment, the Vietnam Business Forum (VBF) said in a report.

A discussion in Hanoi on February 25 called for smarter energy choices, given the impacts of coal power generation on air quality and air pollution’s influence on human health.

The Politburo will encourage all economic sectors, especially private businesses, to invest in energy projects, Party General Secretary, President Nguyen Phu Trong has said.

The Ministry of Industry and Trade (MoIT) has had a change of heart on the bidding mechanism for solar power tariffs in Vietnam.

The National Energy Development Strategy by 2030, with vision to 2045 aims to ensure national energy security, which serves as a foundation for growth.

The Vietnam Business Forum will roll out next week the second edition of the Made in Vietnam Energy Plan (MVEP 2.0).

Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam,but the development of such projects has been hampered by a number of challenges,  according to a survey by Grant Thornton,