VOV.VN - Denmark’s LEGO Group that specializes in toy production globally for kids has decided to invest more than US$1 billion in a project to build a plant in Binh Duong province, southern Vietnam.

The International Renewable Energy Expert, a local solar power cell producer, has introduced the first made-in-Vietnam Agri-PV (Agriculture photovoltaic module) for dual-use solar energy agriculture projects in domestic and export markets.

The proportion of alternative energy to the total primary energy supply in the central city of Danang will reach 9.69% by 2035.

BNN Bloomberg, Canada's business news network reporting on finance and markets, has recently published an article highlighting the extraordinary 100-fold increase in solar power that has taken place in Vietnam over the last two years.

Vietnam’s total output of electricity from renewable energies hit 9.5 billion kWh in the first four months of 2021, up 156.9% year-on-year, and accounting for 11.8% of the total electricity output, according to a report by the Vietnam Electricity (EVN).

Vietnam and Sweden have nurtured long-standing energy cooperation and now the scope of cooperation has expanded from hydropower in the past to safe and sustainable energy development at present.

Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).

The Solar Storage System (ESS) offers a low-cost and low-emissions solution for peak-hour power supply, helping Vietnam pursue low emissions development and ensuring economic growth, according to an expert at a workshop held in Hanoi on January 27.

Vietnam’s rapid economic growth is the primary mover for its renewable energy boom, according to an article titled “What’s Driving Vietnam’s Renewable Energy Boom?” posted in The Diplomat on January 12.

The on-going Vietnam Solar E-Expo 2020, an online solar exhibition lasting until November 11, is drawing numerous industry players.