HANOI : Vietnam’s prime minister approved a long-awaited power plan for this decade that needs $134.7 billion of funding for new power plants and grids, the government said late on Monday, in a move that may help unlock billions of dollars of foreign investment. The plan, known as PDP8, is aimed at ensuring energy security […]
Vietnam’s offshore wind power potential – EQ Mag
Japan’s Nikkei Asia newspaper today published an analysis highlighting how “Vietnam’s offshore wind power is attracting an influx of foreign investment.” According to that article, Japanese and European companies are making big moves in Vietnam’s offshore wind sector to take advantage of the South East Asian country’s renewable energy momentum. In September 2022, the Japanese […]
EIB Global to support Vietnam’s efforts to decarbonise electricity sector – EQ Mag
EIB Vice-President Kris Peeters and Vietnam Electricity Chairman Duong Quang Thanh have signed a memorandum of understanding paving the way for an increased EIB contribution to sustainable electricity generation. The EIB-EVN memorandum of understanding calls for strengthened cooperation to support Vietnam’s energy transition towards decarbonisation. Today, EIB Vice-President Kris Peeters welcomed Vietnamese Prime Minister Phạm […]
Vietnam’s VinFast ships first EV batch to US customers – EQ Mag
HAI PHONG: Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the US, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected to be handed over to customers […]
Vietnam’s manufacturing future rests on a credible renewable energy game plan – EQ Mag Pro
Global market exposure is an impetus for the government to support the power sector’s decarbonization Key Takeaways: Vietnam’s economy stands more exposed to multinational corporations and the global consumer market than any other country in developing Southeast Asia (SEA), given the size of its export-linked manufacturing industries. The unparalleled exposure serves as an impetus for […]
China Key to Vietnam’s Solar Success
A rapid rise in Vietnam’s solar power has been boosted by Chinese finance and technology, but more support is still going to fossil fuels. Dau Tieng Solar Power Project, a photovoltaic power farm with a total capacity of 600 MW, located 100 km from Ho Chi Minh City in the south of Vietnam Vietnam has […]
ADB Doles Out $160.5m Loan to Vietnam’s Dau Tieng Tay Ninh Energy
The Asian Development Bank (ADB) has doled out a $160.5 million loan to Dau Tieng Tay Ninh Energy Joint Stock Company to support its B.Grimm Vietnam solar power project. According to a disclosure…Read More…
ADB Approves Refinancing For Vietnam’s Solar Plant
The Asian Development Bank (ADB) has approved $160.5 million to refinance the 240 megawatts (MW) Dau Tieng 2 Tay Ninh solar power project in Vietnam. The approved financing structure include $24.5m from ADB, a $128m syndicated loan (B loan) and $8m from Leading Asia’s Private Infrastructure Fund (LEAP). The Dau Tieng 2 is part of […]
Vietnam’s Latest Power Development Plan Focuses on Expanding Renewable Sources
The government of Vietnam released a draft of the country’s latest national power development plan, Power Development Plan 8 (PDP 8), for 2021 to 2030. The draft PDP 8 expands wind and solar capacity and increases their shares of the country’s generation mix. The draft PDP 8 also prioritizes enhancing grid infrastructure to ensure stable […]
Vietnam’s largest wind power plant starts operational
Vietnam’s energy company Trung Nam Group has put its 152 megawatts (MW) wind power plant into operation. It has been described as the largest wind power plant in Vietnam. The plant spans over 900 hectares in Loi Hai commune and Bac Phong commune, Thuan Bac district, Ninh Thuan province and cost VND4 trillion ($173.4 million). […]