Vietnam wishes to promote cooperation with Austria in the field of energy, especially renewable energy and sustainable development, Minister of Industry and Trade Nguyen Hong Dien told State Secretary in the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology Magnus Brunner on September 7. Minister of Industry and Trade Nguyen Hong Dien […]
Forecast on Solar PV capacity additions in Asia Pacific – EQ Mag Pro
The Asia-Pacific (APAC) region has been the global leader of cumulative solar photovoltaic (PV) capacity. Therefore, solar PV plants need to be deployed rapidly in developing countries like India and Vietnam which are expected to help the APAC region maintain the dominance in the global solar PV market, says GlobalData, a leading data and analytics […]
Vietnam to launch new price mechanism for rooftop solar – EQ Mag Pro
Vietnam’s government is drafting a new price mechanism for rooftop solar to replace existing feed-in-tariff (FIT) regime. Speaking at an industry seminar, Pham Nguyen Hung, deputy director of Vietnam’s Ministry of Industry and Trade (MoIT), said that the MoIT is currently drafting a framework to develop renewables including ground solar, rooftop solar and floating solar, […]
Vietnam Aims For 21 GW of Offshore Wind Power By 2045 – EQ Mag Pro
Vietnam has set a goal of reaching 30 gigawatts (GW) to 50GW of offshore wind power generating capacity by 2030 and 21GW by 2045. It will establish an offshore wind power purchase mechanism to stimulate the market in a bid to overcome a lack of regulation and technical standards for the production, installation, operation, and […]
Vietnam could, and should, replicate its solar success in electric mobility
Vietnam has shown the world its capability to accelerate clean energy solutions. It demonstrated its seriousness in pursuing the energy transition with the remarkable solar boom of the last few years. Well designed and executed supporting regulations and policies such as feed-in-tariffs (FiT), tax incentives and waiver of land lease are considered the underlying factors […]
SP Group Partners BCG Energy On Solar Project in Vietnam
SP Group (SP) and BCG Energy, a wholly-owned subsidiary of Bamboo Capital JSC, have formalised a joint venture (JV) to invest in rooftop solar and other renewable energy projects in Vietnam. In a press statement on Monday, SP said that it will own 49 per cent of the JV, while the wholly-owned subsidiary of Bamboo […]
Iberdrola Acquires Sowitec Vietnam And Its 550-MW Pipeline
Spain’s Iberdrola SA (BME:IBE) on Thursday announced that it has acquired the Vietnamese subsidiary of German renewables group Sowitec along with its 550-MW pipeline under development. Sowitec Vietnam comes with five onshore wind and one 50-MW floating solar PV project, the Spanish utility said. Financial details were not disclosed by either party. Iberdrola said that […]
Southeast Asian Tycoons Step Up Investments In Renewable Energy Projects Across Indonesia, Vietnam
AC Energy controlled by Philippine billionaire Jaime Zobel de Ayala’s Ayala Corp.—and Singapore-based Sunseap Group are investing over $2.4 billion in separate renewable energy projects across Southeast Asia as countries around the region accelerate their transition into a carbon-free future. Sunseap backed by Thai billionaire Isara Vongkusolkit’s energy firm Banpu pcl and Singapore’s state investment […]
AC Energy’s Vietnam RE Projects Now At 1,000 MW
AC Energy’s renewable energy (RE) projects in Vietnam, both in operation and under construction, are now close to 1,000 megawatts (MW), 637MW of which are attributable to the company. The Ayala-led firm announced on Tuesday that it currently has 525MW in solar and wind farms in the country and has 440MW in RE capacity in […]
Coro Energy Extends Energy Transition With Vietnam Rooftop Solar Deal
Coro Energy PLC : CEO Mark Hood talks to Proactive London’s Katie Pilbeam about their deal to acquire a portfolio of planned rooftop solar projects comprising a total of 150 megawatts of generating capacity – starting with a 5 MW pilot project. Hood says this transaction enables the firm to secure access to a significant […]