The central coastal province of Ninh Thuan is speeding up the implementation of wind power projects to soon connect them to the national grid and generate electricity as an effort to turn the locality into a renewable energy hub of Vietnam.
German businesses are ready to cooperate with and support Vietnam in developing wind power as the country boasts huge potential for renewable energy, including wind energy.
Four wind power projects are scheduled to be completed in the south central province of Ninh Thuan by the end of 2018, according to the provincial People’s Committee.
As thermal power accounts for the largest proportion of Vietnam’s energy production, the country is facing challenges to ensure sufficient supply of coal for thermal power plants in the coming years.
Tens of Vietnamese and foreign investors are asking for permission to survey the wind power potential in the Central Highlands province of Dak Lak to build wind power plants here, according to a local official.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh, which is said to be too low for investors to overcome perceived risks.
Authorities of the Mekong Delta of Tra Vinh have approved an investment of close to VND3.37 trillion (US$144.3 million) in the Hiep Thanh wind power plant from three investors.
The Electricity of Vietnam (EVN) plans to withdraw capital from the Thuan Binh Wind Power JSC in the third quarter of 2018.
Bac Lieu should pay attention to the development of wind power to become the first to capitalise on the clean source of energy in the southwestern region, advised National Assembly Chairwoman Nguyen Thi Kim Ngan.
Investors are keeping their faith in Vietnam’s wind power sector, even though it is not taking off due to an unbankable purchase power agreement, seven years after the government released the incentives for wind power projects.
A lot of investors operating in the fields of wind power, solar power and agriculture have recently come to the Mekong Delta province of Soc Trang to seek investment opportunities.
General Electric Renewable Energy is known as the world’s leading supplier of wind turbines, with a diversified portfolio of onshore and offshore turbines and the latest technology to foster wind power development.
The People’s Committee of Ben Tre province has approved the proposal of Nexif Energy, an independent power producer in Asia and Australia, to develop a 80 MW wind power project in the southern locality.
International investors, including those from Denmark, are really keen on exploring Vietnam’s market with untapped huge potentials for wind power development, said Bo Monsted, Commercial Counsellor at the Danish Embassy in Vietnam.
VOV.VN - A workshop was held in Ho Chi Minh City on December 5, focusing on investment in renewable energy in line with Vietnam’s policy of developing alternative energy sources to ensure energy security and protect the environment.
Vietnam’s Ministry of Industry and Trade has asked the government to raise the buying price for wind power in an effort to help investors cover high input costs.
The Ministry of Industry and Trade’s proposal to increase the feed-in tariff (FiT) of wind power is expected to take projects currently on paper into implementation.
Although wind power development is considered a great potential sector in Vietnam, investors have been hesitant to develop new or expand their existing projects due to the low regulated selling price of wind power lengthening the time to recover investment capital by a significant margin.
First turbines of the Dam Nai wind power project in the south central province of Ninh Thuan were installed in Ninh Hai and Thuan Bac districts on August 23.
VOV.VN - Local authorities from southern Bac Lieu Province on Wednesday, August 23, expressed their interest in attracting wind energy investment from companies based out of the Republic of Korea.