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Renewable energy investors are bewildered by the Ministry of Industry and Trade’s proposal on a mechanism for wind power and transitional solar power projects. Sharing with Business Forum, many businesses said that the Ministry of Industry and Trade has just issued Official Letter No. 126/BC-BCT reporting to the Government on the proposal of a mechanism for transitional solar and wind power projects. However, the two options proposed by the Ministry of Industry and Trade have no basis for implementation, causing investors to worry. Habaram Ninh Thuan wind power project 117 MW, but still 93 MW has not been recognized for […]

The Ministry of Industry and Trade proposes a mechanism for transitional wind power and solar power projects that have no basis for implementation, which makes investors frustrated and may affect the investment and business environment. According to investors, at present, there are still many projects/parts of wind power and solar power projects with capital backlog of up to billions of USD being cover to the mat because they have to wait for the new electricity purchase price mechanism. In addition to 5 solar power projects/partitions with a total capacity of 452,62 MW awaiting determination of new electricity prices, there are […]

Offshore wind power will contribute to ensuring energy security, help Vietnam implement carbon neutral plan and promote the development of supporting ancillary industries. In the context that other raw materials for production of the energy industry are gradually exhausted and becoming more expensive, resources from renewable energy will continue to be prioritized for development because of the large potential for exploitation in Vietnam. In which, there is energy from wind power, which has just been exploited at a modest rate. Wind power plays an important role in reducing maximum greenhouse gas emissions According to research by the World Bank, Vietnam […]

Although the economy has returned to the “new normal”, the hot season is also approaching, leading to an increase in electricity consumption demand. However, wind power plants in provinces such as Bac Lieu, Long An, Ninh Thuan, Binh Thuan, Binh Duong… still have the situation of cutting output capacity by 10-20%, causing waste of social resources. In order to know more about the plan and transmission capacity of the entire power system in 2022, the Business Forum had an interview with Mr. Pham Le Phu – General Director of the National Power Transmission Corporation around this issue. – Dear Sir, […]

Recently, in Ho Chi Minh City, Department of Electricity and Renewable Energy – Ministry of Industry and Trade cooperated with Science Council of Vietnam Energy Magazine and Center for Energy Information to organize an international conference on “Policies for the development of wind power, solar power and gas power projects in Vietnam”. The workshop was divided into three sessions (two morning sessions and one afternoon session). Session 1: Overview of “Policies for the development of wind, solar and gas power projects”: Mr. Pham Nguyen Hung – Deputy Director of the Department of Electricity and Renewable Energy. Mr. Pham Nguyen Hung […]

The government’s FIT-price grid-connected wind power projects have not been successfully implemented and the projects are also expected to become burden for investment enterprises. Hundreds of billions of wind power towers waiting for rust in Tay Nguyen. In two years 2020-2021 is a particularly successful period of Tay Nguyen region in attracting investment, if calculated according to the value of implemented projects. In which, wind power projects alone have poured into the region more than 85.000 billion VND, with many expectations about economic and social efficiency. However, when the time for these projects ran out, Tay Nguyen was a quagmire […]

Looking back at the renewable energy picture in 2021, it is even more clear that the sustainable development goal is the right direction, bringing long-term value to businesses and the Vietnamese electricity market. Sustainable development in the field of renewable energy is not only a matter of revenue and profit, but also covers the satisfaction of interests between three parties including (State, enterprises, electricity users), combined with investor satisfaction, social responsibility and environmental protection. Overview of the Forum “Mechanism to attract investment for sustainable development of renewable energy in Vietnam” organized by Business Forum Magazine in November 2021 Looking back […]