State utility EVN suffers huge losses from renewable energy licensing violations
Violations in granting electricity operation licenses and accepting commercial operation dates for a number of solar power projects have caused damage worth hundreds of billions of VND (VND100 billion = $4.04 million) to state utility Vietnam Electricity (EVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea's Hanwha Energy divests from two solar power projects in Vietnam
Hanwha Energy Corporation Singapore Pte., Ltd - a member of South Korea’s Hanwha Group - in April-May 2023 lowered its ownership ratio in the KN Cam Lam and Cam Lam Solar power plant projects in the central province of Khanh Hoa from 70% to 19%.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sao Mai Group's solar power projects face hurdles
Multi-sector firm Sao Mai Group identifies energy as a key investment segment in its development strategy, but a series of its renewable energy projects have encountered multiple difficulties.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An authorities show lax management of solar, LNG power projects: inspectors
The authorities of Long An province in the Mekong Delta had shown lax management that led to violations in the management and use of land and investment in solar power and liquefied natural gas (LNG) thermal power plants, concluded the Government Inspectorate.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industry ministry criticized for approving 154 solar power projects out of plan
The Ministry of Industry and Trade (MoIT) approved and advised the Prime Minister to approve 154 solar power projects outside the national plan, the Government Inspectorate has concluded.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam solar power projects to enjoy higher selling prices
Solar power projects in northern Vietnam, where radiation levels are much lower, will enjoy higher selling prices than their counterparts in the central and southern regions.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Current price bracket for transitional renewable energy suitable: minister
The current price bracket for renewable energy projects that missed out on preferential feed-in-tariffs (FiTs) is completely consistent with global prices and domestic socio-economic realities, said Minister of Industry and Trade Nguyen Hong Dien on Thursday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Additional 430 MW of renewable power hooked up to national grid
Seven renewable power projects that missed out on preferential feed-in-tariffs (FiTs) with a total capacity of more than 430.2 megawatts have completed procedures for commercial operations.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital solar power project approved for commercial operation
Bamboo Capital Group's Phu My solar power plant in the central province of Binh Dinh has become Vietnam's first transitional renewable energy project to be given a commercial operation date (COD) acceptance.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Temporary prices approved for 19 transitional renewable energy projects
Vietnam's Ministry of Industry and Trade has approved temporary prices for 19 solar and wind power projects with a total capacity of 1,347 megawatts that missed out on preferential feed-in-tariffs (FiTs).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewables giant Trungnam Group's assets top $4 bln
Vietnamese private conglomerate Trungnam Group's total assets finished last year at VND96 trillion ($4.1 billion), according to its financial statement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ministry approves temporary prices for 15 wind, solar power projects
Vietnam's Ministry of Industry and Trade has approved temporary prices for 15 solar and wind power plants that missed out on preferential feed-in-tariffs (FiTs).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deputy PM requests removing difficulties for renewable energy projects
Vietnam's Deputy Prime Minister Tran Hong Ha has asked the industry ministry to study a pricing mechanism similar to that applied to build-transfer (BT) transport projects for wind and solar power projects that missed out on preferential feed-in-tariffs.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
New power development plan offers opportunity for offshore wind power
Vietnam's freshly approved power development plan for 2030 with a vision to 2050, known as PDP VIII, is expected to open up a new opportunity for offshore wind power development.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy developers suffer from low sales prices
Wind and solar power investors in Vietnam that missed out on preferential feed-in-tariffs (FiTs) have asked the government to fix shortcomings in electricity price negotiations, saying that low temporary prices offered by Vietnam Electricity will leave them "clinically dead".
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tetra Pak installs rooftop solar panels to cut 700 tons of carbon emissions
Packaging giant Tetra Pak has installed 5,900 square meters of rooftop solar panels on its Binh Duong province factory, reducing carbon emissions by 700 tons and generating 1,900 MWh of electricity a year.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN’s suspension of Trungnam solar power purchase incorrect: legislative body
Vietnam Electricity’s (EVN) suspension of utilizing 172.12 megawatts of the Trung Nam-Thuan Nam solar power plant's 450MW capacity goes against the government’s solar power development policy, said the National Assembly Standing Committee's Ombudsman Commission.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign firms to acquire 50MWp solar power plant in central Vietnam for $23.9 mln
The 50-MWp Cam Hoa solar power plant, located in Ha Tinh province with investment of VND1,458 billion ($61.58 million) from local firm Hoanh Son Group JSC, is set to be sold to foreign investors for $23.9 million.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong to support major investor Lego in project-related problems
Officials in Vietnam’s Binh Duong province, where Lego is building its first carbon-neutral factory with more than $1 billion in investment, have promised to help the Danish toymaker remove land-related obstacles and other issues for the project.
Industries - 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
Bamboo Capital subsidiary boosts rooftop solar power in industrial park
Skylar JSC, a solar energy business under Bamboo Capital Group (BCG), and Saigon-Hue Investment Corporation (SGH) have inked a strategic deal to develop rooftop solar power in Saigon-Chan May Industrial Park and Tariff-Free Zone.
Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firms eye investments in Mekong Delta energy, agriculture: AmCham
Investments in energy and agriculture are of highest interest among U.S. businesses in the Mekong Delta, said chairman of AmCham Vietnam John Rockhold.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy requires clear-cut development roadmap: expert
Regulators need to introduce clear-cut mechanisms and roadmaps for renewable energy development, so that investors can better prepare for deploying their projects, says vice chairman of Vietnam Energy Association Nguyen Van Vy.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Strong prospects for renewable energy in Vietnam amid clean transition
Vietnam's renewable energy industry faces great opportunities for future development as the industry ministry is proposing to reduce the proportion of coal-fired power in favor of renewable energy to drive clean development and greenhouse gas emission reduction.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam power plants’ capacity to hit 146,000 MW by 2030
The total capacity of power plants in Vietnam will reach 121,757-145,989 megawatts by 2030, with renewable energy accounting for 18-27%, according to the Ministry of Industry and Trade's latest draft power development plan VIII.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu Tho approves $200 mln Japanese investment in solar cell project
Phu Tho province has awarded an investment certificate for a $200-million solar cell factory to Japanese-invested Vietnam Sunergy JSC (VSUN) that will be built between January and October next year.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ThomasLloyd Energy makes Vietnam debut with $30 mln investment
Global investor ThomasLloyd Energy Impact Trust Plc has entered Vietnam’s renewables market via a partnership agreement with Solar Electric Vietnam with an initial $30 million investment.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ninh Thuan wants EVN to purchase Trungnam’s unpriced solar power capacity
Ninh Thuan authorities have proposed the government to direct state utility Electricity Vietnam (EVN) to purchase the 40% portion of the Trungnam Group solar power plant's capacity that has yet to gain a pricing mechanism.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Trungnam Group's 'shortcomings' behind power purchase deadlock: deputy minister
Trungnam Group's failure to complete required precedures has prompted Vietnam Electricity (EVN) to stop purchasing 40% of its solar farm's capacity, says a deputy minister of industry and trade.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN, Trungnam Group hold talks on solutions for solar power usage deadlock
State-owned Vietnam Electricity (EVN) has asked Trungnam Group to put the 172-megawatt capacity portion without a pricing mechanism of its 450 MW solar farm in Ninh Thuan into the competitive power generation market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
New US corporate client to buy Boviet Solar panels
U.S. renewable energy developer Vesper Energy has signed a deal to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Solar power plants in southern Vietnam fined for unauthorized operation
Two solar power plants in Ba Ria-Vung Tau province have been fined VND160 million ($6,700) for operating without official appraisal and acceptance.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EVN responsible for price talks with renewables projects missing FiT deadline: regulators
Vietnam Electricity (EVN) is responsible for negotiating prices and outputs with wind and solar power developers that have failed to meet the country’s feed-in-tariff deadline, says the Electricity Regulatory Authority.
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
Trungnam Group seeks government help as EVN cuts solar power usage
Trungnam Group has appealed to the government for help as state-owned Vietnam Electricity (EVN) announced it would cut the utilisation rate of power produced at its largest solar farm by 40% due to the lack of a pricing mechanism.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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