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.

Vietnam is among top three nations leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit.

Construction of a wind power project started in Nguyen Huan commune, Dam Doi district, the southern province of Ca Mau on January 16.

Representatives of PNE Group of Germany and the People’s Committee of central Binh Dinh province sat down in a working session on December 15 to discuss an offshore wind power project in the locality.

Thai conglomerate B.Grimm Group is studying the feasibility of an additional 3,000MW in Vietnam and a partnership with a US firm for 2,000MW of supply, according to B.Grimm chairman Harald Link.

Vietnam’s electricity output is forecast to rise to 950 billion kWh by 2045 to meet the growing demand for economic expansion.

Hacom Bac Lieu Energy JSC on October 11 started construction on the first phase of Hoa Binh 5 wind power plant on an area of 28 hectares in Vinh Thinh commune, Hoa Binh district, the Mekong Delta province of Bac Lieu.