(VEN) - Given Vietnam’s great renewable energy potential, the country could overcome its future power shortages if it creates suitable mechanisms to encourage relevant investment, especially since wind and solar plants can be built quickly. A specific roadmap should be created to develop renewable energy in the long term In the context of traditional energy resources deteriorating due to limited reserves and growing consumer demand, increasing investment in renewable energy resources is one of the best solutions. Vietnam Energy Association Vice President Nguyen Van Vy believes its abundant natural resources offer Vietnam great potential to develop renewable energy. Specifically, the country has the potential to develop about 30GW of wind power on the mainland and 100GW offshore. Solar panels can be installed in different areas, such as along the coastline, along lakes, in plains, on mountains, and on roofs. Each hectare of solar panels can generate an … [Read more...] about Investment policies needed to boost solar, wind power
Wind power
Wind power in Vietnam starts getting more foreign investors’ interest
The Hanoitimes - Foreign investors have started showing more interest in Vietnam’s wind power generation market in recent months, however, they suggested the government to raise the power price to make it more reasonable. Tra Vinh Province People’s Committee has recently given the go-ahead to Singapore-based Janakuasa Pte Ltd and Ecotech Vietnam to build the Hiep Thanh Wind Power Plant with a total investment of VND3.37 trillion (US$146 million). The 2,700ha plant has a designed capacity of 78MW from 18-19 turbines. Vietnam targets to have an output of 6,000 MW of wind power by 2030 Earlier, Tra Vinh province also licensed South Korea’s Unison eTech Co Ltd and HCM City-based Asia Energy Petroleum Corporation to develop the first phase of the Duyen Hai wind power project, which will see an investment of VND2.8 trillion (US$125 million) in its first phase with a designed capacity of 48.3MW from 21 turbines. Once operational in December 2019, the project is … [Read more...] about Wind power in Vietnam starts getting more foreign investors’ interest
Foreign investors interested in wind power development
A view of a wind power plant in the Mekong Delta City of Bac Lieu. — VNA/VNS Photo Ngoc Ha Foreign investors have shown considerable interest in developing wind power in Viet Nam. The People’s Committee of the Mekong Delta province of Tra Vinh has allowed three investors to finance the construction of the Hiep Thanh Wind Power Plant, with total investment of VND3.37 trillion (US$146.5 million). Of the figure, 20 per cent is contributed by those three investors, including the Ha Noi-based Ecotech Viet Nam Company, Janakuasa Singapore Pte Ltd, and Lam Minh – a resident of Ha Noi’s Ba Dinh District. The remainder is from a loan supplied by German bank Landesbank Baden-Wurttembrg (LBBW). The investors have set up the Ecotech Tra Vinh Renewable Energy JSC to carry out the project. General Director of Ecotech Tra Vinh Lam Minh said the project had been included in the provincial power development plan for 2016-25 with a view to 2035, approved by the Ministry of … [Read more...] about Foreign investors interested in wind power development
Wind power needs some tailwind
The Phu Lac wind power plant in Binh Thuan province Wind power still lures investment The Tra Vinh People’s Committee has recently decided to approve a joint venture including three investors to develop Hiep Thanh wind power project with the total investment of nearly VND3.37 trillion ($149.1 million), which is expected to come into operation by 2020. The project will be developed on a total area of 2,747ha on coastal alluvial ground in Hiep Thanh commune, Duyen Hai town, with the designed capacity of 78MW, comprising of 18-19 wind turbine towers. Three investors, including Ecotech Vietnam Renewable Energy Joint Stock Company, Janakuasa Pte., Ltd., and individual investor Lam Minh—all partners with a lot of experience in the power industry, will establish Ecotech Tra Vinh Renewable Energy JSC to develop the project. Ti Chee Liang, president of Janakuasa cum chairman of Ecotech Tra Vinh Renewables JSC, told VIR that the investors have carried out the on-site wind … [Read more...] about Wind power needs some tailwind
Foreign investors interested in wind power development in Vietnam
Illustrative image (Source: VNA) Hanoi (VNA) – Foreign investors have shown considerable interest in developing wind power in Vietnam. The People’s Committee of the Mekong Delta province of Tra Vinh has allowed three investors to finance the construction of the Hiep Thanh wind power plant, with a total investment of 3.37 trillion VND (144.3 million USD). Of the figure, 20 percent was contributed by investors, including Hanoi-based Ecotech Vietnam company, Janakuasa Singapore Pte, Ltd, and Lam Minh – a resident in Hanoi’s Ba Dinh district. The remainder was borrowed from German bank Landesbank Baden-Wurttembrg (LBBW). Investors set up the Ecotech Tra Vinh Renewable Energy JSC to carry out the project, the duration of which is 49 years. General Director of the company Lam Minh said the project has been included in the provincial power development plan for 2016-2025 with a view to 2035, approved by the Ministry of Industry and Trade on May 19, 2016. It is … [Read more...] about Foreign investors interested in wind power development in Vietnam