Tuesday, February 7 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Feb 06
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Global Wind Energy Council: Vietnam Wind Power 2022


    December 4, 2022 - Contify Energy News

     

      Vietnam has some of the best wind resources globally. The Power Development Plan 8 (PDP 8), currently in draft form, has targets of 7 GW of offshore wind and 21 GW of onshore wind by 2030. The wind industry is ready and able to deliver on these targets and help Vietnam increase its energy security, improve the balance of trade, and increase the sustainability of the economy and the country’s international competitiveness. From 1-2 December 2022, the Global Wind Energy Council (GWEC) is holding the Vietnam Wind Power 2022 (VWP) conference at the Lotte Hotel in Hanoi, Vietnam. It is a critical time for the wind industry in Vietnam and VWP brings together key members of government with both local and international industry, to discuss key topics impacting the wind industry.

      Original Press Release:

      Vietnam, Nov. 30 -- Global Wind Energy Council issued the following news release:

      Vietnam has some of the best wind resources globally. The Power Development Plan 8 (PDP 8), currently in draft form, has targets of 7 GW of offshore wind and 21 GW of onshore wind by 2030. The wind industry is ready and able to deliver on these targets and help Vietnam increase its energy security, improve the balance of trade, and increase the sustainability of the economy and the country’s international competitiveness.

      From 1-2 December 2022, the Global Wind Energy Council (GWEC) is holding the Vietnam Wind Power 2022 (VWP) conference at the Lotte Hotel in Hanoi, Vietnam.

      It is a critical time for the wind industry in Vietnam and VWP brings together key members of government with both local and international industry, to discuss key topics impacting the wind industry.

      As noted, Vietnam has great wind potential, and in particular, offshore wind can contribute significantly to Vietnam’s future development, provide price predictability, create tens of thousands of jobs in a new industry, and improve the balance of trade, all while helping the country meet its net zero commitments and attract international investment.

      If instigated in a progressive way to allow the industry to mature naturally from some well-established preliminary projects, a ‘phased’ approach of rounds of wind farms consisting of differing tariffs and reductions of these into auctions over time can allow offshore wind to be more cost-effective than most other forms of energy generation – consider examples from the UK & Taiwan.

      To enable this, there is an urgent need to establish a cross-ministerial coordinating committee, likely chaired by MOIT (due to them being the key ministry for energy). Offshore wind policies and regulations affect many different ministries and levels of government. This committee would work to accelerate the resolution of bottlenecks across the different ministries.

      Regarding onshore wind, the feed-in-tariff (FiT) expired in 2021. While 4 GW of onshore wind completed before the FiT expired, there are another 4 GW of projects that signed a PPA but missed the target. Many of these projects has completed construction since the FiT expired. As of now, these projects are not producing electricity, this while Vietnam continues to import coal at very high prices.

      Electricity Vietnam Corporation (EVN) recently published proposed tariffs for the wind projects that missed the FiT deadline. The process for implementing the proposed tariffs is not yet clear, and to provide a path forward for industry, we encourage government to clarify this as soon as possible.

      GWEC and the industry are ready to work with government to develop solutions that bring the industry closer to meeting the goals set by the Vietnamese government.

      Global Wind Energy Council (GWEC) is a member-based organisation that represents the entire wind energy sector. The members of GWEC represent over 1,500 companies, organisations and institutions in more than 80 countries, including manufacturers, developers, component suppliers, research institutes, national wind and renewables associations, electricity providers, finance and insurance companies.

      Source: Global Wind Energy Council

      [Category: Energy, New Renewable Energy, Events, Regulatory and Legal, ESG]

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.