Vietnam okays long-awaited execution scheme for national power plan

Vietnam okays long-awaited execution scheme for national power plan

The Vietnamese government has approved the long-awaited implementation scheme of the eighth National Power Development Plan (PDP8) for 2021-2030, with a vision to 2050, which was passed last May, envisioning rising electricity imports from Laos.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Allow wind power imports from Laos, Vietnam ministry proposes PM

Allow wind power imports from Laos, Vietnam ministry proposes PM

The Ministry of Industry and Trade has proposed the Prime Minister allows wind power imports from Laos, connecting the neighboring country's Truong Son wind power plant to the national grid.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Investors keen on two central Vietnam wind power projects worth $9.4 bln

Investors keen on two central Vietnam wind power projects worth $9.4 bln

Domestic and foreign enterprises have evinced investment interest in dozens of projects in the central coastal province of Binh Dinh, including two wind power projects worth a combined $9.4 billion.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

POWERCHINA, Trungnam Group ink EPC contract for 916 MW wind power project in Vietnam

POWERCHINA, Trungnam Group ink EPC contract for 916 MW wind power project in Vietnam

Power Construction Corporation of China (POWERCHINA) and Vietnam’s Trungnam Group have recently signed an EPC (engineering, procurement and construction) contract for a 916-MW wind power project cluster in the Southeast Asian country.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Northern Vietnam solar power projects to enjoy higher selling prices

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

Vietnam Southeast Asia base for Japan’s Eurus Energy

Vietnam Southeast Asia base for Japan’s Eurus Energy

Leading Japanese clean power company Eurus Energy Holdings Corp has selected Vietnam as its entry point into Southeast Asia for new developments including renewable energy investments.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam seeks sea survey license in August for electricity export to Singapore

Petrovietnam seeks sea survey license in August for electricity export to Singapore

State-owned oil and gas group Petrovietnam wants authorities to grant a sea survey license to its technical arm PTSC this month for an offshore wind power project that will export electricity to Singapore.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam-Russia oil-gas JV eyes 2,000 MW wind power projects in Tra Vinh province

Vietnam-Russia oil-gas JV eyes 2,000 MW wind power projects in Tra Vinh province

Vietsovpetro, a Vietnam-Russia joint venture in the oil and gas sector, plans to invest in several offshore wind power projects totaling 2,000 MW in the Mekong Delta province of Tra Vinh.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam tech arm PTSC to build substations for giant Polish wind power project

Petrovietnam tech arm PTSC to build substations for giant Polish wind power project

Vietnam's PTSC Mechanical and Construction Company (PTSC M&C) has been awarded a contract to build substations for the 1.5 GW Baltica 2 offshore wind farm project 40 kilometers off the Polish coast.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Current price bracket for transitional renewable energy suitable: minister

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

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

Temporary prices approved for 19 transitional renewable energy projects

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

ADB scales up corporate finance lending in Asia

ADB scales up corporate finance lending in Asia

The Asian Development Bank (ADB) is ramping up its lending to the private sector and financial institutions across the continent via its Private Sector Operations Department, or PSOD.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ministry approves temporary prices for 15 wind, solar power projects

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

Petrovietnam subsidiary to build offshore wind farm foundations for Orsted

Petrovietnam subsidiary to build offshore wind farm foundations for Orsted

Petrovietnam Technical Services Corp (PTSC) on Friday signed a contract to build offshore wind farm foundations for Orsted, becoming the first Vietnamese business to receive a mass order for offshore wind power equipment.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rare wind power firm reports profit in 2022

Rare wind power firm reports profit in 2022

Phong Lieu Wind Power JSC reported profit of over VND124 billion ($5.28 million) in 2022, up 168% year-on-year, while the same industry firms saw continued losses.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deputy PM requests removing difficulties for renewable energy projects

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

Renewable energy developers suffer from low sales prices

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

Vietnam can add 2.2 GW offshore wind until 2027: GWEC

Vietnam can add 2.2 GW offshore wind until 2027: GWEC

Vietnam can add 2.2 GW of offshore wind power, mostly intertidal projects, until 2027, according to the Global Wind Energy Council's (GWEC) Global Wind Report 2023.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam not allowed but strongly capable of offshore wind power: executive

Petrovietnam not allowed but strongly capable of offshore wind power: executive

Petrovietnam is currently not allowed to invest in offshore wind power projects under a Politburo resolution, but the state-owned oil and gas group is strongly capable of such a business, said its vice chairman Pham Tien Dung.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to export electricity to Singapore from 2030: Petrovietnam unit

Vietnam to export electricity to Singapore from 2030: Petrovietnam unit

Petrovietnam Technical Services Corp. (PTSC) and Sembcorp Utilities Pte. Ltd. (SCU) signed a joint development agreement for investment in offshore renewable energy in Vietnam and export of green electricity to Singapore on February 10 during Prime Minister Pham Minh Chinh’s official visit to the island state. PTSC CEO Le Manh Cuong elaborates on the deal during an interview with the government portal.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES commits to helping Vietnam reach 2050 net-zero emission goal

AES commits to helping Vietnam reach 2050 net-zero emission goal

American energy company AES Corporation will continue its mega offshore wind power project in Binh Thuan province and is committed to helping Vietnam fulfill its net-zero emission goal by 2050, said executive vice president Bernerd Da Santos.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Purchase price frame for renewable energy projects missing FiT deadlines approved

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

Thai firm begins construction of 50MW wind farm in Vietnam's Central Highlands

Thai firm begins construction of 50MW wind farm in Vietnam's Central Highlands

Asia Energy Co. Ltd., under Thailand’s Super Energy Corporation, broke the ground for its 50-megawatt Asia Dak Song 1 wind power project in the Central Highlands province of Dak Nong on Wednesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gia Lai wind power turbine blade breaks during maintenance

Gia Lai wind power turbine blade breaks during maintenance

One blade of a wind power turbine at the 100-megawatt Ia Pet - Dak Doa 2 wind power plant in the Central Highlands province of Gia Lai broke during maintenance on Sunday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japanese firm Toda eyes floating offshore wind power projects in Vietnam

Japanese firm Toda eyes floating offshore wind power projects in Vietnam

Japan’s Toda Corporation is looking at the prospect of setting up wind meters in the sea off the central coastal province of Binh Thuan to prepare for floating offshore wind power projects using capital from the Japanese government.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam urged to speed up offshore wind development

Vietnam urged to speed up offshore wind development

Vietnam should quickly fix legal obstacles in licensing offshore wind power projects, the Global Wind Energy Council (GWEC) said.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam shipbuilder to build wind power service ships for Dutch firm Damen

Vietnam shipbuilder to build wind power service ships for Dutch firm Damen

Ha Long Shipbuilding Company signed a contract to build six wind power service ships for the Netherlands’ Damen Shipyards Group on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US firms eye investments in Mekong Delta energy, agriculture: AmCham

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

Dutch firm Pondera sees nearshore, offshore wind power potential in central Vietnam

Dutch firm Pondera sees nearshore, offshore wind power potential in central Vietnam

Netherlands-based energy firm Pondera has expressed interest in building a wind farm in the coastal province of Quang Binh, saying it sees both nearshore and offshore potential.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bac Lieu lauded for focus on shrimp cultivation, clean energy

Bac Lieu lauded for focus on shrimp cultivation, clean energy

Bac Lieu has done well to focus on shrimp farming and clean energy production because this has boosted the province’s economic standing, says Deputy PM Vu Duc Dam.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Renewable energy requires clear-cut development roadmap: expert

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

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’s PTSC M&C first steel cut for major Taiwan wind offshore substations

Vietnam’s PTSC M&C first steel cut for major Taiwan wind offshore substations

Petrovietnam’s mechanical and construction company PTSC M&C has conducted the first cut of steel for the two offshore substations Hai Long 2 and Hai Long 3 of the 1,044-megawatt Hai Long Offshore Wind Project in Taiwan Strait.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam lauds opportunities in offshore renewable energy

Petrovietnam lauds opportunities in offshore renewable energy

Offshore wind power presents big opportunities for Petrovietnam, said the state-owned oil and gas giant's chairman Hoang Quoc Vuong.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7