December 1, 2020 (Investorideas.com Newswire) The Vietnamese renewables industry has been gaining traction lately as the country considers renewable energy to play a pivotal role in achieving the optimistic Power Development Plant (PDP). The PDP is envisaged to improve electricity infrastructure and expand renewables in the power mix to accelerate decarbonization. Against this backdrop, solar PV and wind are expected to steer the Vietnamese power sector decarbonization and bring down the cost of solar PV systems by about 25% and wind projects by 17% by 2030, says GlobalData, a leading data and analytics company.
