Vietnam ranks 10th on global renewables FDI league table
Vietnam was among the top 10 countries in terms of attracting foreign investment in green power technologies in 2022, fDi Intelligence said on Tuesday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firms interested in renewables, chips in Vietnam: consul general
American companies have a strong interest in renewable energy development in Vietnam thanks to the country’s carbon neutrality goal by 2050, as well as global supply chain diversification plans including investment in the semiconducting sector, the U.S. Consul General in Ho Chi Minh City said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Purchase price frame for renewable energy projects missing FiT deadlines approved
The purchase price frame for wind and solar power projects in Vietnam that missed deadlines for preferential feed-in-tariffs (FiTs) has been set between VND1,185 and VND1,816 (5.0-7.7 U.S. cents).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Denmark to strengthen green growth times
Vietnam and Denmark have boosted bilateral green growth cooperation towards achieving net-zero emission goals, with some corporate deals signed during a working visit to Vietnam by Danish Crown Prince Frederik.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign investors find stake acquisitions fit in Vietnam energy race
Vietnam’s booming clean energy market has been urging foreign firms to get involved, with acquiring stakes from domestic investors probably a more convenient way.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry figures way out for renewables projects missing feed-in-tariff deadline
Vietnam Electricity has been asked to set a price bracket, based on a newly issued circular, for renewable energy projects that have failed to meet the deadline for incentivized feed-in-tariff (FiT).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam solar energy costs 'lowest' in Southeast Asia
Vietnam has the lowest “levelized” cost of solar energy in Southeast Asia, the International Renewable Energy Agency (IRENA) says in its latest major energy-transition publication.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Spanish developer to operate wind power projects in SE Asia, including Vietnam
Spanish renewables developer Acciona Energia has entered into a strategic partnership with Asia’s The Blue Circle to build and operate the latter’s pipeline of projects in Vietnam and Southeast Asia.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EDPR Sunseap finishes takeover of $284 mln Vietnam solar projects
Singapore-headquartered clean energy provider EDPR Sunseap has concluded its $284 million acquisition of two solar power projects in Ninh Thuan province, doubling its operational capacity in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB set to approve $91.4 mln loan for AC Energy wind farm in central Vietnam
The Asian Development Bank (ADB) is set to approve a $91.4 million loan for Filipino electricity producer AC Energy on October 31 to support the construction and operation of an 88-megawatt wind farm in Ninh Thuan province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HDF Energy joins renewable power development in Vietnam
France-based HDF Energy has entered Vietnam’s fast expanding renewables market via a partnership with Saigon Asset Management Corp, or SAM.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to issue first internationally verified green bonds worth $75 mln
EVN Finance has signed deals for a VND1,725 billion ($75 million) bond issuance that will mark Vietnam’s inaugural onshore, internationally verified green bonds in local currency.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lao geothermal power plant to sell energy to Vietnam
Laos expects to obtain at least $613 million each year from selling geothermal power, a type of renewable, to Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Trungnam Group considers renewables stake sale
Vietnamese private conglomerate Trungnam Group is likely to sell a 30% to 35% stake in its wind and solar power portfolio.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Corio, Fecon partner on Vung Tau offshore wind farm
Green Investment Group portfolio company Corio Generation has signed a joint development agreement with Fecon, a leading Vietnamese construction and infrastructure corporation, for a proposed 500 megawatt offshore wind farm in Ba Ria-Vung Tau province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Marubeni taps Vietnam energy opportunities
Marubeni, a Japanese company investing in Vietnam’s clean energy sector, is seeking to expand cooperation with state utility Vietnam Electricity (EVN).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bidding to mature Vietnam renewables development: expert
A future bidding mechanism will help Vietnam avoid massive development of renewable energy like now as only the best investors can join the game, says Vietnam Energy Association’s chairman.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bidding a hindrance to Vietnam offshore wind development: investors
Vietnam’s goal of having 7 gigawatts of offshore wind power by 2030 is seen as a big challenge if developers are selected via bidding alone.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quality, capacity hamper wind farms in Gia Lai
Five completed wind power projects in Gia Lai cannot start commercial operations due to some quality issues and lower-than-expected electricity transmission capacity in the Central Highland province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
USAID inaugurates $36 mln clean energy project in Vietnam
The U.S. Agency for International Development (USAID) has launched a $36 million project designed to promote the use of clean energy in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US to exempt tariffs on Southeast Asian solar panels for 24 months
U.S. President Joe Biden is due to allow solar panels to be imported to the U.S. from Cambodia, Malaysia, Thailand and Vietnam without risk of tariffs for a 24-month period.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Son La province should develop renewables: PM
Prime Minister Pham Minh Chinh has asked Son La authorities to develop renewable energy as one of the measures to drive the mountainous province’s growth.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Private firm to build Vietnam’s first hydrogen plant with $840 mln
TGS Green Hydrogen plans to commence construction on its $840 million green hydrogen plant next month, making it Vietnam's first hydrogen project in the country’s transition to cleaner energy for its net-zero goal by 2050.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coal-fired power to compose third of Vietnam electricity capacity by 2030
The government is expected to put Vietnam’s electricity generation capacity at 146,000 megawatts by 2030, of which 25.7% is coal-fired power.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry mulls over auctions to replace FiTs for renewables projects
Wind and solar power projects that miss the commercial operation deadline to enjoy feed-in-tariffs in Vietnam will shift to an auction system, the Ministry of Industry and Trade has proposed.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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