Bac Lieu prioritises renewable energy
Bac Lieu (VNA) – The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.
Electricity corporation, Singaporean group sign strategic cooperation agreement
Can Tho (VNA) – The Electricity of Vietnam Generation Corporation No. 2 (EVNGenco2) inked a strategic cooperation agreement with Sembcorp Industries of Singapore to explore a strategic partnership on July 11 in Can Tho city.
Vietnamese bank secures IFC loan for SMEs and climate projects
The International Finance Corporation (IFC) is providing a US$100 million long-term loan to Orient Commercial Joint Stock Bank (OCB) of Vietnam to help expand lending to small and medium enterprises (SMEs) and boost financing, especially for climate-friendly projects in the country. This is designed to facilitate greater private sector contribution to a green and sustainable […]
Vietnam may have 30% of electricity from wind by 2050, says World Bank
Offshore wind power is expected to supply 30% of Vietnam’s electricity by 2050, according to a report by World Bank. In its Vietnam’s Offshore Wind Development Roadmap report published last month, World Bank says that offshore wind power will generate 5-12% of Vietnam’s electricity by 2035 – which will be 11GW in a low-growth scenario […]
Boost to clean energy investment could drive 10 million new green jobs
If funded, about 13,000 renewable energy projects proposed in nearly 50 countries could slash emissions and create work, researchers find.
Vietnam remains hugely promising solar market, but cost of capital hurdles remain
Vietnam remains one of the most attractive destinations of solar finance in South East Asia despite fears of market saturation, but access to capital in the region remains a key hurdle.
A paradox of power consumption and generation
Numerous areas across Vietnam have been experiencing blackouts due to elevated power consumption breaking historical records during the June heatwaves. The Electricity of Vietnam’s (EVN) National Load Dispatch Centre (NLDC) said the electricity demand across Vietnam has broken a new record on June 21, with 42,146MW.
Bechtel wins FEED for LNG-to-power scheme in Vietnam
Bechtel will provide front-end engineering and design (FEED) services for Delta Energy Offshore’s proposed LNG-to-power project in southern Vietnam.
