ADB signs deal for long-term solar financing in Vietnam
The Asian Development Bank (ADB) has provided TTC Energy Development Investment with a $37.8 million loan deal to accelerate the deployment of solar energy in Vietnam. TTC Energy is a subsidiary of Thailand’s largest utility GED. The loan will be used to fund the Gulf Solar Power Project which includes the development and operation of a 50MW solar plant […]
Construction begins on flagship 48 MW wind farm in Vietnam
Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), is pleased to announce that construction has begun on one of its flagship projects, a 48 MW near-shore wind farm in Tra Vinh province, Vietnam. CI1’s Construction Equity Fund has committed $71m to the project company, “Tra Vinh Wind Power Company”, which […]
HSBC lags as finance cleans up on Asian energy
Last week marked a significant milestone in the financial sector’s ever-increasing rejection of coal, as the world’s largest fund manager BlackRock, with more than US$6.5 trillion assets under management, announced it would drop thermal coal from its actively managed portfolios. It came only days after new figures revealed that 2019 saw US coal power plants shut down […]
New solar power prices not incentive enough: Finance Ministry
Newly proposed feed-in-tariffs (FIT) much less than earlier incentive rates might be too low to encourage solar power investments, the ministry says. The new solar power rates proposed by the Ministry of Industry and Trade (MoIT), much lower than the current average electricity retail price of VND1,864 (8 cents) a kWh, would erase all incentive […]
ADB, partners provide $37.8m loan for TTC Energy’s solar power plant
The Asian Development Bank (ADB) and other stakeholders have provided a $37.8-million loan for Vietnamese renewable energy company TTC Energy, according to an announcement. The financing for the Gulf Solar Power Project will assist TTC Energy in developing and operating a 50-MW photovoltaic solar power plant in Tay Ninh province, southern Vietnam. This is one […]
Liquefied natural gas-fired power plant to be built in Bac Lieu
Bac Lieu (VNA) – The People’s Committee of Bac Lieu province on January 21 granted an investment decision to Singapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefied natural gas-fired power plant. The project, worth approximately 4 billion USD, is the biggest foreign direct investment (FDI) projects in the Mekong Delta region. According to DOE Singapore, the […]
Wind energiy boom in Tra Vinh, Vietnam
The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding VND42 trillion ($1.8 billion). Among them is the 48 MW windpower plant project invested by Truong Thanh Vietnam Group JSC in co-operationwith Sermsang Power Corporation. The project […]
Dry season in 2020 to be more severe, extensive than usual
Currently, water level in the Northern region’s small- large sized hydroelectric reservoirs is at 60 percent of the designed capacity. According to Electricity of Vietnam (EVN), the volume of water shortage this year could climb up to seven billion cubic meters compared to last year. It will be 15- 45 percent lower than the average of […]
