Three investors have registered to carry out solar energy projects, namely Green Energy Dohwa Company Ltd., Son Hai Group, and Hoang Huy Toan Group.
Quang Binh province encourages investment in renewable energy
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According to the provincial People’s Committee, the locality has 1,600-2,000 sunshine hours each year. The average wind speed at planned areas is estimated at 5.5-6.0 meters per second.
The province is also boasting a lot of clean land funds, especially near coastal areas, creating favourable conditions for the development of solar and wind power in the coming time.
In 2015, the Prime Minister approved a renewable energy development strategy by 2030 with a vision to 2050, which targets an increase in the ratio of power generated from renewable energy to 32 percent by 2030 and 43 percent by 2050.
The national project for power development in 2011-2020 also identified developing renewable energy as a breakthrough to ensure the security of the nation’s energy supplies, and reduce the negative impact of generating power on the environment.
