Transferring solar projects to foreign investors ‘normal’: MoIT
HÀ NỘI — The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law. The MoIT was responding after concerns were raised that many solar power projects initially assigned to Vietnamese investors were being transferred to foreign investors.
Ailing state-owned projects stuck in impasse with Chinese contractors
Vietnamese companies have hit roadblocks in settling disputes with Chinese contractors in five fertilizer, shipbuilding and steel producing projects. The state-owned companies that developed these projects have not been able to come to an agreement with Chinese contractors in determining a new investment value for them after changes in technical design and the number of […]
Complexity and lack of clarity impeding Vietnam’s offshore wind potential
The Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority, who are preparing a ‘roadmap report’ for offshore wind development in Vietnam, say the country has potential for 160 GW of offshore wind. But the market in Vietnam is known for its technical and legal complexity, and lawyers at Baker McKenzie argue that the […]
EVN calls for investment in solar power plants on reservoirs
Hanoi (VNA) – Electricity of Vietnam (EVN) is seeking investors in new electricity projects, including solar power plants on reservoirs, in an effort to ensure the safe and stable operation of the country’s electricity market. Home to nearly 7,000 reservoirs covering millions of square kilometres, Vietnam has the conditions necessary to develop solar power plants on water surfaces, […]
Danish business to open office in Vietnam
The Danish company Copenhagen Offshore Partners are opening an office in the Vietnamese capitol Hanoi. The Scandinavian company provides project development, construction and operational management services to offshore wind projects. The Danish company has hired their first two Vietnamese employees; Development- and Commercial Manager Khanh Duong and Finance Manager Giang Phung, reports the online news site […]
Vietnam has potential for 160 GW of offshore wind energy
The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority are working together on input for a roadmap for offshore wind power development in the south-east Asian country that has estimated potential for 160 GW. The report aims to help the Vietnamese government take steps to streamline the development process for wind […]
Foreign firms gobble up renewable energy plants in Vietnam
Foreign investors have acquired dozens of solar and wind power plants in Vietnam, but officials say this is a normal practice in a market economy. Thai energy firm Gulf Group recently increased its ownership in two solar power plants in the southern province of Tay Ninh from 49 percent to 90 percent.
The Danish Energy Agency and Vietnamese authorities discuss steps to move offshore wind expansion forward in Vietnam
The Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority are preparing an Input to Roadmap report for offshore wind development in Vietnam. Vietnam has a potential of 160 GW offshore wind and today the Danish Energy Agency and Vietnamese authorities organized a webinar to discuss the most important governmental steps to move […]
