World Bank Issues Its First ‘Green Loan’ to Vietnam
A division of the World Bank has just made its first so-called “green loan” to a bank in Vietnam, meant for businesses to help with environmental problems in a nation that has one of the world’s highest emissions rates relative to its economy. Vietnam has a fast growing economy but also has a fast growing […]
University research team makes rechargeable batteries out of rice husks
HCM CITY — A team of researchers and students at the HCM City University of Science – Việt Nam National University – Ho Chi Minh City have succeeded at making a prototype lithium-ion rechargeable battery from rice husks, a common agricultural waste in Việt Nam, especially in the Mekong Delta. Leader of the team, Vũ […]
LNGL and DeltaOE sign LNG delivery MOU
LNG Ltd. (LNGL) and Delta Offshore Energy (DeltaOE) have signed a non-binding memorandum of understanding (MOU) for the delivery of 2 million tpy of US LNG from Magnolia LNG to the Bac Lieu project in Vietnam. DeltaOE is negotiating a 25-year power purchase agreement (PPA) with Electricity Vietnam Group (EVN) to underpin the Bac Lieu […]
Vietnam confirms 20-year FIT for rooftop PV will be maintained at $0.0935/kWh
The generous tariff is considered crucial by the Vietnamese government to maintain high levels of development in the rooftop segment until 2021. Vietnam’s state-owned utility EVN has confirmed that it will maintain the 20-year feed-in tariff for rooftop PV installations not exceeding 100 kW in size at the rate of $0.0935/kWh until 2021. The decision […]
New $212m financing for climate-friendly projects in Vietnam
The funding from IFC will enable VPBank to expand its lending to small and medium businesses and boost financing for projects that help reduce carbon emissions A new financing package of $212.5 million (£162m) has been announced to support climate-friendly projects in Vietnam. The funding from IFC, a member of the World Bank, will enable VPBank to […]
HSBC exits Vinh Tan 3 coal power project in Vietnam
The London-headquartered bank’s cancellation of its role as financial advisor for the 1,980-megawatt Vinh Tan 3 coal power plant in Vietnam marks the latest move by a major international lender to ease off on bankrolling the fossil fuel in Asia. One of the world’s largest finance groups, HSBC, has pulled out of a major coal project […]
Vietnam: Construction for 48MW near-shore wind farm commences
Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), has announced that construction has commenced of the 48MW near-shore wind farm in Tra Vinh province, Vietnam. CI1’s Construction Equity Fund has committed $71 million to the project company, ‘Tra Vinh Wind Power Company’, which is jointly funded by Korean energy firm […]
Vietnam: Construction for 48MW near-shore wind farm commences
Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), has announced that construction has commenced of the 48MW near-shore wind farm in Tra Vinh province, Vietnam. CI1’s Construction Equity Fund has committed $71 million to the project company, ‘Tra Vinh Wind Power Company’, which is jointly funded by Korean energy firm […]
