Renewables are solution to Vietnam's power thirst
Renewable energy has been developing rapidly, especially in 2019, mainly due to the impact of the government's initiatives.
Renewable energy has been developing rapidly, especially in 2019, mainly due to the impact of the government's initiatives.
Vietnam’s installed capacity is set to increase to about 70 gigawatts (GW) by end-2022 (2019: 55GW), led mainly by private players and other government-owned entities.
The trade ministry is studying the Electricity Law to make clear the scope of investment of the state and the private sector in the energy industry.
The trade ministry has decided to cut electricity tariffs for certain customers by 10% for the next three months to support economic activities amid the Covid-19 pandemic.
The ratings are at the same level as the Vietnam sovereign rating.
The company’s registered capital is higher than that of Vietnam’s largest mobile carrier Viettel.
The purchase of rooftop solar power is part of efforts to boost the development of renewable energy in Vietnam amid quick energy transition.
The contracts were signed in Hanoi during the visit by Lao Prime Minister Thongloun Sisoulith.
The stoppage of licensing of new solar farm aims to make further move in building policies on FiT scheme and to prepare for better power transmission capacity.
The PM demands no power shortage for economic development in the coming years.