The Economic Zone Management Authority of the southern province of Tra Vinh on August 8 licensed to Ho Chi Minh City-based Asia Energy Petroleum Corporation and Unison eTech Co, Ltd from the Republic of Korea (RoK) to develop the first phase of the Duyen Hai wind power plant.
Vietnam has huge potential in terms of geography and wind power resources to generate electricity, experts have said.
Vietnam’s consistent policy is to consider Germany its leading important and trusted partner in Europe and hope to deepen the bilateral strategic partnership, affirmed Prime Minister Nguyen Xuan Phuc while meeting with German President Frank-Walter Steinmeier in Berlin on July 6.
Authorities of the Mekong Delta province of Bac Lieu had separate meetings with two foreign firms, UPC Ranewables and Kimin Power, on feasibility study reports on wind power projects to be developed by the firms.
The project “Support to the Up-Scaling of Wind Power in Vietnam funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) was reviewed in a seminar in Hanoi on May 8.
High installation costs and relatively low power prices are making investors think twice about diving into Vietnam's wind energy market.
VOV.VN -Vietnam is at the forefront of a growing number of countries who are transforming the way they generate and use energy, said Deputy Minister Hoang Quoc Vuong of the Ministry of Industry and Trade at a recent forum in Hanoi.
Up to 19 wind power projects have been registered in Binh Thuan Province but investors are yet to start work on them, saying the current selling price regulated for this source of green energy is below production cost.
Vietnam has great potential for developing wind power but big initial investment, technical complexity and a lack of quality technicians are deterring the development of the sector.
The country plans to have 800 megawatts of wind power by 2020, but pricing remains an issue.
A handbook on wind power investment guidelines was launched in Ho Chi Minh City on September 29 as part of the German Government’s support for wind power development in Vietnam.
On May 23, on the occasion of US President Barack Obama’s visit to Vietnam, GE and the Ministry of Industry and Trade signed an agreement to develop new wind farms with a total capacity of 1,000 megawatts by 2025.
Prime Minister Nguyen Xuan Phuc has urged the south central province of Ninh Thuan to give more specific policy commitments to win investors’ confidence.
More foreign investors are planning to develop wind farms in Vietnam to satisfy the country’s rising demand for renewable energy.
Foreign experts and firms continue grumbling over Vietnam’s low power tariffs which have made it hard for the country to compete in the international wind energy sector.
VOV.VN - Outgrow Energy Consult Co Ltd (OEC) based out of Bangkok, Thailand has unveiled its proposal to oversee construction of an electricity power plant utilizing municipal solid waste (MSW) technology at the Nhon Hoi Economic Zone.
VOV.VN -The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in Vietnam and General Directorate of Energy (GDE)- Ministry of Industry and Trade (MOIT) co-host the Validation Workshop on ”Wind Power Investment Guidelines” in Ho Chi Minh City on April 1.
VOV.VN - The Vietnam government has big plans to more than double its renewable energy usage and transition to a sustainable energy future, reports German magazine for climate and energy transition klimretter.info.
As a leading US firm that has built up its sterling reputation in Vietnam’s renewable energy sector over the last 20 years, GE is keen on playing a role in developing Vietnam’s wind power as a reliable energy source that can be connected to the national grid.
(VOV) - Wind farms came one step closer to becoming a reality in Vietnam on June 12 with the signing of an agreement by Germany to fund a EUR6.9 million project to have them in operation by the end of 2018.