The Asian Development Bank (ADB) on May 27 signed a US$116-million green loan with local firms to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW, in Quang Tri province.

VOV.VN - As Vietnam continues to transition to cleaner low-carbon power generation, IFC, a member of the World Bank Group, is funding the development and construction of two wind power projects in central Vietnamese provinces.

The authorities in the Central Highlands province of Dak Lak has granted in-principle investment approval to six foreign-funded wind power projects worth more than VND10.08 trillion (US$436.5 million).

Hitachi SE's renewable energy business expanded its market to Vietnam by signing a strategic cooperation agreement with Trung Nam Wind Power Joint Stock Company of Trung Nam Group (TNG) in Ho Chi Minh City on May 14.

VOV.VN - The expansion of Vietnam’s wind and solar farms is proving to be crucial in continuing to power economic growth, according to the Financial Times of the UK.

The Trungnam Group put into operation a wind power plant in Loi Hai and Bac Phong communes, Thuan Bac district, south-central Ninh Thuan province, on April 16.

Vietnam needs to increase the proportion of wind power, especially offshore wind power, in the total power capacity targeted in the National Power Development Plan for 2021-2030 with a vision to 2045 (Power Development Plan VIII), so as to attract more foreign investors in the field, according to businesses and experts.

Vietnam needs about US$128.3 billion of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).

Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.

Denmark prioritises helping Vietnam’s energy sector with green development and transformation, Danish Ambassador to Vietnam Kim Højlund Christensen affirmed on February 24.