Nuclear - Renewable

On October 29th, Goldwind, the first wind turbine supplier in China, and the quickest one in the world to achieve a milestone of over 100 GW installed capacity, hosted its Annual Client Day 2023 in Ho Chi Minh City. This event shows our gratitude for the trust that our valuable clients have placed in us and the partnership that has been strengthened over the years.

On October 3, in Hanoi, the Chairman of the Electricity of Vietnam (EVN), Mr. Dang Hoang An received and worked with Ms. Carolyn Turk, WB National Director in Vietnam and WB Mission. The two sides discussed promoting and extending cooperative activities between EVN and WB including renewable energy.

Updating the status of receiving documents, results of negotiations, ratifies of electricity prices, signing the power purchase agreements, acceptance of projects... for transitional renewable energy projects, Vietnam Energy Magazine cited data from the Electricity of Vietnam (EVN) updated on the morning of October 2, 2023, for readers to refer to.

The starting construction ceremony of Phuoc Thai 2 and Phuoc Thai 3 solar power projects has just taken place in Phuoc Thai commune, Ninh Phuoc district, Ninh Thuan province.

According to Vietnam News Agency (VNA), on September 11, the Asian Development Bank (ADB) signed a loan agreement worth 13.8 million USD to finance Vietnam Green Yellow Smart Solutions Company (Green Yellow) to deploy the rooftop solar power system for increasing the clean energy supply at affordable prices for business and manufacturing customers. This is ADB's first grant in its rooftop solar power investment portfolio for the production and business segment in Vietnam.

Offshore wind power - a new generation of green energy – has a history of development over the past 30 years in Denmark, the United Kingdom, Germany, China, and the United States. After the Cop 26 Summit Conference in 2020 (in the UK), the Global Offshore Wind Alliance (GOWA) has been formed. The offshore wind power development is rapidly increasing in the world, currently standing at 57 GW and impossibly reaching 500 GW by 2040 and 1,000 GW by 2050. Vietnam has an economic and technical potential for offshore wind power which is over 600 GW and attracts many investors. To develop sustainably of the offshore wind power industry, it is essential to executive on research and establish a legal framework to promote offshore wind power development (laws, national offshore wind power strategies, and related policy documents, etc).

The Ministry of Industry and Trade (MOIT) has just completed the draft Circular stipulating the method of developing the power price framework to obtain the comments. (Currently, the draft Circular is being publicly posted on the Government Portal and some official websites).

The Ministry of Industry and Trade (MOIT) has just sent a report to the Prime Minister on studying and developing a direct power purchase (DPPA) mechanism between renewable energy generators and large electricity users.

The Deputy Prime Minister (DPM) Tran Hong Ha and Mr. Graham Stuart - Secretary of State in charge of Energy Security and Carbon Neutrality (Net Zero) of the United Kingdom have agreed to promote a number of specific renewable energy projects with the participation of leading enterprises of the two countries, as a basis for exchanging and sharing experiences of the two sides in a substantive and effective way.

The Vietnam Energy Review would like to update the status for accepting documents, negotiating and approving results of electricity prices, signing power purchase agreement (PPA), checking and taking over the transitional renewable energy (RE) projects on the morning of July 26, 2023 by the data of Electricity of Vietnam (EVN) for reader’s reference.

Regarding the status of acceptance of documents, the results of negotiations, approval of electricity prices, signing of the power purchase agreement (PPA) and acceptance of the transitional wind and solar power projects, the Vietnam Energy Magazine will state the data updated by the Electricity of Vietnam (EVN) on the morning of June 28, 2023, for the reference of its readers.

After the conference between the Ministry of Industry and Trade (MOIT), the Electricity of Vietnam (EVN) and the investors of the transitional renewable energy (RE) projects, in May 24 and 25, 2023, MOIT issued 2 documents for guiding to remove deadlock in transitional wind and solar power projects.

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Deputy Prime Minister Tran Hong Ha has just requested the Ministry of Industry and Trade (MOIT) to urgently modify and supplement Circular No. 15/2022/TT-BCT dated October 3, 2022, and Decision No. 21/QD-BCT dated January 7, 2023, on the framework of electricity generation prices for the transitional solar and wind power plants.

With the wave of investment in near shore and offshore wind power, HD Wind Joint Stock Company (HDwind) was established - specializing in providing technical services for the green energy industry, especially wind power.