Norwegian Honorary Consul Arild Haugan in Ho Chi Minh City attended the signing ceremony of a long-term energy off-take agreement between Norway-headquartered Norsk Solar Vietnam and Central Retail in Vietnam. Under this agreement, Norsk Solar Vietnam will be providing its Client one of the largest single-client rooftop solar PV systems in Vietnam with a capacity […]
Ingeteam strengthens its international expansion with the opening of a subsidiary in Vietnam.
Vietnam is a fast-growing market that also provides access to other countries such as Laos and Cambodia. Ingeteam currently has four orders on its books, three in Vietnam and one in Laos for hydropower plants that include the entire electrical and control system. Ingeteam strengthens its global positioning with a presence in 24 countries. Ingeteam […]
India to launch supercharged push for global electric vehicle players
The automotive incentive scheme is part of India’s broader $27 billion programme to attract manufacturers from the likes of China and Vietnam to capture a bigger share of the global supply chain and exports. India plans to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme it […]
HSBC finances HNG Capital’s RM181m acquisition of a stake in Vietnam solar project
PETALING JAYA: HSBC Malaysia acted as the sole lender for a US$44 million (RM181 million) five-year committed term loan to Penang-based HNG Capital Group to finance the acquisition of a stake in a 330MW solar project in Vietnam. As part of the Malaysian investment holdings company’s vision to grow as a regional power player, HNG […]
Vietnam needs coal-fired power plants for at least another 15 years
Despite the associated environmental problems, Vietnam cannot do without coal-fired power plants for another 15 years at least, experts say. There is no current alternatives that can help Vietnam ensure energy security and maintain stable prices, they add. There are several coal-fired plants in the pipeline, set to be built by 2025, including the Nam […]
Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure
HANOI: Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9% in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media has reported. Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development […]
The Swedish Residence in Vietnam installs solar energy
The embassy of Sweden sparked an initiative to promote a transformation towards clean and renewable energy, a solar panel system was formally inaugurated at the Swedish “Greener“ Residence in Tay Ho, Hanoi. The event attracted key actors representing the energy sector in Vietnam (including Vietnam Electricity-EVN, EVN Hanoi and EVN NTP) and residents of the […]
Vietnam proposes heavily-cut solar FIT rates from next month
Vietnam is to slash feed-in tariffs available for rooftop solar installations from next month by as much as 38% in a bid to address grid pressures in the country, local media has reported. The Dai Doan Ket newspaper has cited Hoang Tien Dung, head of the Ministry of Industry and Trade’s Electricity and Renewable Energy […]
Solar-energy provider Sunseap Group pulls in Series E funding from Dutco
This equity investment from Dutco follows a recent announcement of a planned acquisition of a 39-per-cent stake in Sunseap’s five solar projects in Vietnam by TNB Renewables Sdn Bhd, a wholly owned subsidiary of Malaysia’s national electricity company Tenaga Nasional Berhad. The fresh funds will be channelled towards Sunseap’s future solar projects in Singapore and […]
Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure
Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development of its transmission system has lagged, leaving several of its new solar power plants operating below designed capacity HANOI: Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9 per cent in a […]