Vietnam, UK boast huge cooperation potential in clean energy development
VOV.VN -The nation’s current situation is similar to the UK's in the first decade of the 21st century, meaning it can learn from and co-operate with British side in the field of clean energy development, according to Dr. Dao Duc Cuong, an expert from Bradford University.
The potential for strong co-operation between Vietnam and the UK, the first country in the world to institutionalise the net-zero emission target, is huge. Similar to the UK, the country possesses a long coastline and great solar power potential, especially in the southern and southcentral regions, as well as in the territorial waters to the south of the East Sea.
The Vietnamese side can therefore learn from the experience of the UK, a world leading country in clean energy, in many aspects, including policy. In line with this, the British side has applied the Contract-for-Difference (CfD) mechanism to support businesses in order to develop wind power projects, a policy which has been effective over the past 10 years.
The nation can also partner with the UK in terms of personnel training, particularly as the UK has leading universities in the field of clean energy. Meanwhile, the country can learn from their measures which aim to attract investment from world giants whilst building a system of industries and supporting industries for the renewable energy sector, thereby become ready for this decade’s energy transition, he said.
The expert highlighted that Vietnam as a country, with the highest potential in Asia in terms of offshore wind power, is attracting many large power firms from the UK and the rest of the world.
With its rich experience in offshore wind power development, the UK is able to assist the Vietnamese side, especially in mechanisms and the development of supporting industries for wind power development, Dr. Cuong went on to say.
He added that during the construction of large-scale wind and solar power farms, Vietnam should seek to upgrade its power transmission systems and build more energy storage systems.
The UK is also a strong partner for Vietnam to co-operate in human resource training with, thereby supplementing and gradually transferring available human resources in the power and oil and gas industries to offshore wind power, said Dr. Cuong.
He emphasized that the development of clean energy, including wind power, is both a challenge and a great opportunity for the nation moving forward.