Wind Power

The deal enables the companies to be in line with Vietnam’s efforts to increase renewable capacity for sustainable development.

Without a FiT deadline postponement, these projects will be unable to progress, according to GWEC.

Vietnam has the best wind resources in Southeast Asia, featuring yearly average wind speed of 9-10 meters per second.

The wind farm is expected to be commissioned by the end of third quarter of 2021.

The project will increase Vietnam’s wind power capacity by 30%, helping the country meet rapidly growing demand for energy.

This is the company’s largest onshore wind order awarded in Vietnam so far.

Steep reduction of feed-in-tariff (FIT) is believed to derail investment in new and planned wind projects in Vietnam.

Across the first half of 2020, the government approved an additional 91 wind energy projects, onshore and offshore, with a total capacity of over 7GW.

All projects honored this time are those that have been evaluated in terms of stability, efficiency, as well as contributing to environmental protection and creating jobs.

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