News Clipping

Browse the latest AEDS news in this page
Showing 8273 to 8280 of 10361
  • Others
25 September 2019

 – 

  • Malaysia

CENERGI RE Sdn Bhd plans to build nine biogas-to-energy (BTE) plants after obtaining a Green Club Facility of RM100m, equally provided by MIDF Amanah Investment Bank Bhd and China Construction Bank Malaysia Bhd (CCB).

The Khazanah Nasional Bhd subsidiary which is focused on the renewable energy (RE) space, currently owns and operates six biogas plants with a total capacity to generate 8.6MW of power.

Cenergi RE group CEO Ernest Navaratnam (picture) said the BTE plants would be designed to produce an average of 1MW to 2MW and will be located in Perak, Negri Sembilan and Pahang.

“This is to accommodate our renewable power purchase agreements signed under the Sustainable Energy Development Authority programme — Feed in Tariff. It gave us between 16 to 21 years of concession period in this green IPP (independent power producer) space,” he told the press after signing the tripartite between Cenergi RE, CCB and MIDF Amanah.

Cenergi RE is one of the largest grid-connected palm oil mill effluent (POME) biogas players in the country. Ernest believes the biogas production through POME is sustainable and the company is adding two BTE plants next month.

The Green Club Facility is the first of its kind secured by Cenergi RE. It is also the first such facility issued by MIDF Amanah to the biogas segment, according to MIDF Investment Bank CEO Datuk Joseph Dominic Silva.

“Cenergi’s proven track record and impressive project pipeline underscores its standing as among the leaders in the country’s RE sector. MIDF has been among the pioneers in the provision of green financing in Malaysia,” Dominic Silva said.

CCB’s Chong Fook Jade is optimistic the loan facility could be repaid within 10 years. Cenergi RE had tried to obtain funding from the bank but due to the small scale of energy production — 1.5MW per plant — some banks were reluctant to approve financing.

“This Green Club Facility suggests we have a size that is scalable. There is the efficiency of scale and Cenergi RE can get a lot more clean energy produced,” Chong said.

“For the bank, it is either you borrow big or go home. If it is too small to look at, it is not economical,” he added.

CCB — ranked as the world’s second-largest bank — was granted a commercial bank licence by the Minister of Finance in 2016, under the Financial Services Act 2013.

Dominic Silva said MIDF is considering to finance the Large Scale Solar 3 scheme worth RM2 billion, noting there is a bidder who has offered a price as low as 17 sen to clinch the tender bid.

“So far we are not tied up to anyone yet firmly, but we are exploring it. You have to evaluate the viability of the project when the rates are that low,” he said.

Putrajaya is currently pushing for RE production to achieve its 20% target of energy coming from RE sources by 2025.

  • Others
25 September 2019

 – 

  • Malaysia

KUALA LUMPUR, Sept 25 (Reuters) – Malaysia’s central bank governor said financial institutions will be required to report their exposure to climate risks and the information it gathers could be used to set regulatory standards in Southeast Asia’s third biggest economy.

Bank governor Nor Shamsiah Mohamad Yunus said the recent shroud of haze in Malaysia and neighbouring Indonesia and Singapore from burning forests was a reminder of the environmental challenges facing countries.

“It presents a major economic issue with direct implications on financial stability,” she said at a regional conference on climate change in the Malaysian capital Kuala Lumpur.

“It is for this reason that Bank Negara Malaysia (BNM), along with many other central banks around the globe, are giving serious attention to climate risk.”

She said new reporting requirements for financial institutions will kick in once classifications on green assets are finalised with the Securities Commission Malaysia and the World Bank.

“This framework aims to support informed decisions and analysis of exposures to climate risk in fund raising, lending and investment activities,” Nor Shamsiah said.

The Bank expects to issue the first draft of the green assets classification by the end of this year for industry feedback.

“Information gathered through this process will be used by the Bank to consider changes to prudential standards to better reflect risks from climate-related exposures,” she said.

The governor did not describe the institutions but said the financial ecosystem included banks, insurers, venture capital and private equity firms.

Nor Shamsiah’s comments came on a day when scientists behind a U.N.-backed study of the links between oceans, glaciers, ice caps and the climate warned the world to slash emissions or watch cities vanish under rising seas, rivers run dry and marine life collapse.

Economic losses from disasters in Asia and the Pacific could exceed $160 billion annually by 2030, the United Nations development arm estimated in a report last year. (Reporting by Krishna N. Das; Editing by Elaine Hardcastle)

  • Renewables
25 September 2019

 – 

  • Vietnam

Vietnam’s Ministry of Industry and Trade has submitted a draft proposal to cut feed-in tariffs (FITs) for large scale solar projects by 20%, according to the Energy Conservation Center research institute in Ho Chi Minh City.

The draft measure proposes applying FIT levels for the whole nation rather than varying payments geographically to drive new capacity to under-served areas.

If the proposal is approved by the government, the FIT for ground-mounted large scale solar plants will be VND1,620/kWh ($0.0709). For utility scale floating solar, the payment would be VND1,758/kWh. The payment for rooftop systems would remain VND2,156/kWh, which under the previous regime applied to all PV projects.

New scheme to end by 2022

The proposed 20-year FIT rates would not include VAT, which is adjusted according to fluctuations in the exchange rate of the Vietnamese dong against the dollar. The new FITs would be applied to projects grid-connected between July 1 this year and December 31, 2021.

The old FIT of $0.0935, however, would still be applied until the end of 2021 to projects under development in Vietnam’s Ninh Thuan province, for which the Vietnamese government a year ago decided to extend the scheme, capped at 2 GW, by 12 months.

The country saw the deployment of around 5 GW of solar capacity thanks to the expired scheme, according to the authorities. Most of that capacity came online at the end of June, which was the deadline under the previous system for connecting a plant and securing a FIT contract.

With electricity demand growing at an annual rate of around 10%, Vietnam needs to add 3.5-4 GW of new power generation capacity per year.

  • Renewables
25 September 2019

 – 

  • Vietnam
A rooftop solar power system being installed at a secondary school in HCM City’s Bình Chánh District. VNA/VNS.Photo Mạnh Linh

HCM CITY— Lê Đình Vũ, owner of a home decor store in HCM City’s Thủ Đức District, spent nearly VNĐ50 million (US$2,155) to install solar panels on the roof of his newly built house.

He uses the power they produce for daily activities and draws less from the national grid.

More and more people in the city like Vũ are opting for rooftop solar panels to reduce their monthly energy costs.

Companies too are installing them at their factories.

At the Saigon Hi-Tech Park, Sacom – Chip Sang Co., Ltd is using energy from a solar power system it installed on its office building this year.

The panels are being installed in schools and people’s committee offices across the city.

The HCM City Power Corporation (EVNHCMC) has in co-operation with suppliers of rooftop solar power facilities installed them at many schools.

The People’s Committee of District 12 has installed a system on its 300sq.m office.

In Bình Chánh District, 166 rooftop solar installations with a combined capacity of 5,283 kWp, 50 per cent higher than the target set by EVNHCMC, had been made as of June.

Of them, 152 were by households with their daily output being 1,945kWh, and the remaining 14 were by businesses with the output being 3,338kWh.

The Bình Chánh Power Company, a subsidiary of the EVNHCMC, said to achieve this it launched campaigns to educate residents and customers about the benefits of rooftop solar.

Besides, EVN and suppliers of rooftop solar power facilities have preferential policies and offer promotions like a 10 per cent discount on prices, interest-free loans and instalment payments.

It takes customers five to six years to recoup their investment.

Phạm Việt Anh, deputy head of communication at EVNHCMC, told Việt Nam News via email: “3,741 households, offices and enterprises in the city had installed rooftop solar with a total capacity of 42.7 MWp as of August 22.”

Of them, 3,521 are connected with the national grid, according to Anh.

EVNHCMC’s 19 subordinate units have installed grid-connected solar power systems with a total capacity of 1,127.9kWp.

“The city’s potential for solar energy is very high,” since it has high solar radiation of nearly 1,581 kWh per square metre per year, he said.

“The average number of sunshine hours is 100 to 300 and throughout the year unlike the northern region.”

The highest radiation level is 6.3 kWh per square metre per day in February and the lowest is 3.3 kWh in July.

According to the World Bank’s “Report on Technical Assessment of Rooftop Solar Energy Potential in Việt Nam” in 2017 HCM City has solar power potential of 6,300MW.

EVNHCMC has called on Government to soon announce new prices for buying surplus solar power for the grid in place of the old ones that expired in June.

Authorities should make installation of rooftop solar compulsory for administrative and non-business agencies and beneficiaries of the State budget, and make it a criterion in evaluating and ranking enterprises, it said.

To encourage people to use rooftop solar, there should be subsidies and other support, it added.

The city grid has sufficient capacity to accept power supplied from rooftop solar systems in houses and companies.

Anh admitted the high cost of installing solar energy systems discouraged many people and the solution would be to offer more preferential loans or incentives. — VNS

Read more at http://vietnamnews.vn/economy/535895/rooftop-solars-growing-popularity-in-hcm-city.html#rbc8AkjuCbfFQKer.99

  • Renewables
25 September 2019

 – 

  • Vietnam

HANOI (Viet Nam News/ANN) – Floating solar panels may just be catching on in Vietnam, but they could be about to grab a huge slice of the country’s renewable energy market.

Solar energy, especially photovoltaics (PV), is developing fast globally, driven by technological advancements and the falling cost of solar cells and modules.

Most solar energy installations are either ground-mounted or on the rooftops of commercial buildings or private residences. Floating solar, the term used to refer to floating PV structure installed on water bodies, such as lakes, reservoirs, mining or irrigation ponds, is expected to become the ‘next frontier’ of the solar energy industry.

Vietnam’s first floating solar farm on Da Mi Reservoir was connected to the power grid in May this year. The VNĐ1.2 trillion (US$51.5 million) plant, developed by Da Nhim-Ham Thuan-Da Mi Hydropower Joint Stock Company (DHD), has a total capacity of 47.5MWp (megawatt peak) and power output of about 70 million kWh per year.

The project features 143,940 solar panels on 50ha of the reservoir in Tanh Linh and Ham Thuan Bac districts of Binh Thuan Province. In the first phase, it is operating at a capacity of 20.5MWp.

According to Nguyen Trong Oanh, chairman of DHD, floating solar systems are similar to land-based solar power except the solar panels are installed on pontoon-type floats, with an anchoring and mooring system holding the platform in place.

Besides the advantage of using existing electricity transmission infrastructure at hydropower sites, eliminating the need for major site preparation, floating solar farms have been proven to bring higher energy yield thanks to the cooling effects of water and decreased presence of dust which hurts panel performance.

“Under the same solar radiation, floating solar installations will be more efficient than ground-mounted or rooftop solar power systems,” Oanh told Viet Nam News.

Last week, Dong Nai People’s Committee proposed the Ministry of Industry and Trade develop eight floating solar farms on the man-made Tri An Lake. Spanning more than 7,100ha of water surface across different districts in the province, these floating solar projects would have total capacity of 5,400MWp and be added to the national power development plan by 2025.

“The potential for floating solar is quite promising in Vietnam, especially in existing hydropower reservoirs,” Jackie B Surtani, Director of Infrastructure Finance Division, ADB Private Sector Operations Department, told Viet Nam News.

Surtani said ADB had conducted “quick look” satellite imagery surveys of Vietnam’s hydropower resources and found there would easily be room for several gigawatts of floating solar in existing reservoirs. Protected bays are a second possibility for floating solar and could allow for hundreds of additional megawatts.

Hybrid hydro-PV system

Since the first floating PV system was built in 2007 in Japan, the floating solar market has been well established in many countries, with China the largest player. However, the development of hybrid systems that combine hydropower and floating solar is still at an early stage.

“The combination of hydropower and float solar is definitely feasible,” Surtani said.

Hydropower and solar can be co-located, with either floating or ground-mounted solar around a hydropower reservoir, he said, adding that using existing hydropower infrastructure reduces installation costs of the solar farm. Depending on daily demand, it is possible to reduce hydropower output during the day and bring it back up in the evening, with solar covering a portion of peak demand in the afternoon.

“The ADB-DHD floating project shows that the solar output can be coupled with hydropower output. In practice, hydropower output can be varied to smooth out or ‘mask’ the intermittency of solar output,” he said, saying that blending hydro and solar output required an intelligent energy management system, and this technology is proven and currently being used in Vietnam.

On the difficulties of developing Vietnam’s first hydro-floating solar system, Oanh said the project had received mixed feedback on its feasibility and efficacy.

“We’ve spent a lot of time researching, measuring radiation and environmental parameters, visiting similar works at home and abroad to support and prove the project’s efficiency,” Oanh said.

Since being put into operation in June, the performance of Da Mi solar power plant has been high thanks to the effective solar panels, which are naturally cooled by natural cooling surface temperatures, he said.

Project progress was also a major challenge. Oanh said to be able to sell electricity at 9.35 US cents/kWh, all solar power plants must be operational by June 30, 2019, thus the company rushed to complete the project and successfully run it commercially in early June, a month ahead of schedule.

He said the project was contributing to the development of the province by recruiting local workers, easing electricity shortages for the province and the southern region, as well as paying tax to the local budget.

The combination of hydro and solar power on the reservoirs could be a new direction in electricity in Vietnam but challenges remain.

“In my experience, utilising hydroelectric reservoirs to install solar power platforms will be only effective for lakes with low water level fluctuations,” Oanh said, adding that if water levels fluctuate greatly, the cost of the anchoring system would be very high.

Both local and foreign investors have shown interest in floating solar power in Vietnam. Vietnam Electricity is considering building floating solar farms on lakes and reservoirs in Binh Thuan, Dong Nai and Gia Lai provinces.

Companies from South Korea and Norway have carried out surveys in Vietnam, seeking partners to build floating solar power plants on lakes.

“The next phase of the renewable programme in Vietnam should focus on leveraging private sector competition to reduce the cost of renewable energy generation. If this goes through an auction or some other mechanism, Vietnam can benefit from lower generation costs,” Surtani said.

Technology is moving fast and Vietnam needs to catch up with the trend to rapidly transition to a green energy market.

  • Renewables
25 September 2019

 – 

  • Vietnam

According to experts, national energy transition process requires comprehensive and synchronised policies. Đỗ Đức Quân, Vice Director General of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade, speaks to Việt Nam News reporter Nguyễn Linh Anh about how to promote efficient and sustainable energy transition in Việt Nam.

To encourage the use of renewable energy, the Ministry of Industry and Trade has submitted to the Government a feed-in-tariff mechanism for solar, wind and biomass power. How effective are such mechanisms in promoting the use of renewable energy?

Feed-in tariffs (FIT) are designed to provide a fixed-price incentive to guarantee a certain level of benefits for renewable energy (RE) producers for each unit of energy produced and injected into the electricity grid. The payment of the FIT is guaranteed for a certain period of time that is often related to the economic lifetime of the respective RE project, usually between 15-25 years.

The FIT mechanism is designed by the Ministry of Industry and Trade to promote the exploitation of domestic renewable energy sources, gradually increasing the proportion of renewable energy in national energy consumption, pushing to phase out fossil fuels and slow the onset of climate change.

The Government has issued Decision No 2068/QĐ-TTg, dated November 25, 2015, approving the development strategy of renewable energy of Việt Nam by 2030 with a vision to 2050.

One of the decision’s objectives is raising the percentage of produced power from renewable energy (including hydropower) in the total power of the country from about 35 per cent by 2015 to around 43 per cent by 2050.

FIT is one of the mechanisms developed by the Ministry of Industry and Trade to achieve these goals.

By the end of June, the total installed capacity of renewable energy projects across the country reached more than 5,000 MW, with about 4,442 MW of large-scale solar power and about 150 MW of rooftop solar power, 303 MW of wind power, 342 MW of biomass and nearly 10 MW of solid waste.

How does the Ministry of Industry and Trade encourage each locality to exploit and develop renewable energy?

Localities with high potential will have advantages and attract more investors. For example, the southern province of Ninh Thuận has great potential for solar energy and the southern province of Bình Thuận has great potential for wind power. Depending on the conditions of each province, provinces will provide additional support and incentives.

Some have argued that Vietnam Electricity (EVN) is selling electricity at prices lower or equal to the costs of investing in renewable energy, which has high infrastructure and research costs. This makes investors fear losses when investing in renewable energy projects. What’s your opinion?

I don’t agree with this idea totally.

By the end of 2018, total capacity of hydropower accounted for about 33 per cent of total installed capacity of the national power system. Many hydropower plants are selling power to the EVN at very low prices, such as Hoà Bình hydropower plant. As a result, we can buy electricity from the EVN at lower prices compared to the region.

In recent years, the exploitation of solar power in the world and in Việt Nam has increased rapidly due to the development of science and technology, with higher efficiency solar panels. In the future, the price of solar power will definitely compete with other power sources.

After two years applying the FIT mechanism, the Ministry of Industry and Trade is working with the Asian Development Bank (ADB), the World Bank (WB) and some other Dialog Partners to study a new mechanism, known as competitive auction to select capable investors to develop renewable energy projects.

When we hold an auction, any investors offering the most suitable and cheapest price will be selected. The specific price will be determined by the market. Of course, all investors want us to buy their electricity at a high price, so their projects will become more financially feasible.

What should be done to ensure the transition to renewable energy does not affect people’s livelihoods, employment structures and avoids land conflicts?

The transition to renewable energy needs to fit the development of scientific and technological innovation, the cost of production, the conditions for economic development in each period and affordability of the people, to ensure the safe operation of the transmission system while ensuring investment attraction.

We should not keep the existing FIT mechanism over a long period of time as it may lead to overheated development of solar power projects, which can lead to conflicts in land use.

The auction-based system I mentioned earlier helps ensure the harmony of renewable energy projects’ development. The competitive auction mechanism is expected to help the prices of electricity from RE projects reflect the rapid price reduction of RE equipment and avoid the risk of land conflicts. — VNS

Read more at http://vietnamnews.vn/economy/535897/where-next-for-renewable-energy.html#PJl8HGE0vXVFZ6tw.99

  • Others
25 September 2019

 – 

  • Vietnam

A Sembcorp Industries unit has entered into a tripartite partnership with Vietnam state-owned property developer Becamex IDC Corporation (Becamex) and Vietnam Singapore Industrial Park JV Co (VSIP) to bring smart energy solutions to Vietnam.

VSIP is one of the largest integrated townships and industrial parks co-initiated by the Singapore and Vietnam governments, and developed by Sembcorp Development and Becamex.

The latest joint venture agreement was struck by the group’s unit, Sembcorp Smart Energy Solutions Vietnam, and will see the creation of solutions for renewable energy, waste-to-energy, wastewater treatment and water recycling.

The solutions will be implemented in VSIP’s various integrated townships and industrial parks, as well as other Becamex-owned industrial parks and facilities in Vietnam.

The first completed project under this partnership is a 51 kilowatt-peak rooftop solar farm sitting on top of a 12,000 sq ft VSIP administrative building in Binh Duong province.

This project marks Sembcorp’s foray into the renewable energy sector in Vietnam, and will see the group make plans to develop rooftop solar facilities in other sites under VSIP and Becamex.

Mr Koh Chiap Khiong, Sembcorp Industries’ head of Singapore, South-east Asia and China (Energy), said: “We believe these solutions will enable us to provide greater value-add to partners and customers of VSIP and Becamex, by helping them to manage their carbon emissions and achieve cost savings at the same time.”

Becamex chairman and VSIP Group co-chairman Nguyen Van Hung said they wanted to ensure that VSIP and Becamex integrated developments continue to drive investments for the long term.

“Environmentally friendly features that enhance the sustainability of these projects will help to maximise their overall value to the economy and benefit the communities around us with cleaner environments,” he added.

Sembcorp said the agreement is not expected to have a material impact on the earnings per share and net asset value of the group for the fiscal year ending Dec 31.

  • Renewables
25 September 2019

 – 

  • Vietnam

HÀ NỘI – Many businesses and investors are waiting for the Government’s decision on the feed-in tariff (FiT) rate for solar power projects nationwide, which is expected to be released this month, to set up long-term investments in solar power projects in Việt Nam.

The current FiT of 9.35 US cents per kWh has been applied for all kinds of solar technologies, including floating solar power projects, ground-mounted solar power projects and rooftop solar power projects, under the FiT programme between June 1, 2017 and June 30, 2019, in which the investors enjoy price incentives for 20 years.

In a draft decision by the Ministry of Industry and Trade (MoIT) recently submitted to Prime Minister Nguyễn Xuân Phúc for consideration, the FiT will change for different types of technology as of this year.

The ministry proposed to reduce the buying price to 7.69 cents per kWh for floating solar power projects and 7.09 cents for ground-mounted solar power projects. Meanwhile, the rate of 9.35 US cents will be maintained for rooftop solar power projects.

Speaking with local media at the Energy Week 2019 which took place in Hà Nội on Tuesday, Deputy Director of the MoIT’s Renewable Energy Department Đỗ Đức Quân said the FiT is applied for a certain number of years in order to encourage renewable energy development in each period.

He said if the Prime Minister approved the MoIT’s new FiT programme, it will remain effective until December 31, 2021.

The new FiT rate is extremely important for Việt Nam’s renewable energy industry, challenging policymakers, Government ministries and agencies to head towards long-term research and assessing investment volume, which must harmonise benefits for all participants, ensuring the industry’s sustainable development.

To enjoy the Government’s price incentives, which ended on June 30 this year, the country witnessed nearly 90 solar power plants being put into operation with a total capacity of over 4,500MW in May and June, far exceeding the plan of only 850 MW of solar power in 2020 approved in the Power Development Master Plan VII (PDP VII), causing overloading on the national grid at certain distribution lines and at certain period of day time.

According to Nguyễn Đức Cường, Director of the National Load Dispatch Centre (EVN NLDC), investors have been made aware of the overloading in a public and transparent manner.

“We want to generate all power from renewable energy, because the price is high but it is still cheaper than thermal power sources,” Cường said.

We have put all efforts into ensuring solar plants are put into operation and add power to the national grid, however these plants have to reduce capacity due to the grid overload, which is something we did not expect,” Cường said.

Insiders say that the first thing that needs to be done immediately is to find solutions for power transmission projects. If the overloading lasts for too long, all participants, including investors and power purchasers, will be impacted.

In the future, it is necessary for the MoIT, local governments, investors and the Vietnam Electricity to work together to solve this problem, especially in terms of site clearance to accelerate the progress of transmission projects, thereby freeing up the capacity of the plants and supplementing the country’s electricity.

The MoIT has recently proposed the Government supplement the PDP VII, building power grid projects in the southern provinces of Bình Thuận and Ninh Thuận, which are the solar energy hubs of the country.

It’s expected that more projects will receive investment later this year and early next year.

The overloading of the grid is only one of the key challenges facing the Government and relevant ministries in building a sustainable renewal energy industry.

According to Nguyễn Anh Tuấn, Director of the Renewable Energy Centre under the Institute of Energy, there are many things that must be solved to speed up the development of renewable energy as the country faces exhaustion of natural resources such as coal, oil and gas.

He said Việt Nam has significant potential to develop renewable energy, including small hydro, wind power, solar power, biomass, biogas, municipal solid waste and geo-thermal electricity. The assessment for investment must be based on three pillars of theoretical, technological and economic potential.

The potential of solar power is high because its price is good for investors. As for wind power, the potential of onshore wind power is relatively moderate because its buying price is low, while offshore wind potential has not yet been subject to scientific assessment and accurate figures because the cost of wind measurement is very high.

“Understanding the potential and accurate assessment is relatively insufficient and the reliability is not high, leading to difficulties for the investors,” Tuấn said.

Tuấn said the biggest and most important challenge for renewable energy is production cost, which is still higher (without subsidy) than the traditional technologies used by coal, oil and gas industries.

“The evidence is in solar power. We previously set development goals but did not have a good buying price mechanism, making it difficult to develop the sector. But since 2017, the Government issued the FiT at a price of 9.35 cents per kWh, and we saw booming construction of solar power plants and selling power to the State,” Tuấn said.

“With other types of renewable technologies, if you have a reasonable electricity purchase policy, that ensures economic feasibility for investors, you will also see an increase in development,” Tuấn said.

In terms of technology, he said the development of infrastructure would be necessary. Most advanced technologies are currently imported, while the operation and supply service chains are not yet available.

“The technologies are very expensive, but it’s difficult for businesses to access capital sources. They can get investment capital from banks, however it is difficult for banks to assess the value and evaluate risks in renewable energy projects,” Tuấn said.

Under the Strategy of Renewable Energy Development to 2030, Việt Nam will engage all of its social resources for investment in renewable energy development, encouraging the development and use of renewable energy, and striving to raise the share of renewable energy in the national energy sector.

The strategy aims to reduce GHG emissions, as pledged under the Paris COP21 Agreement, by 5 per cent by 2020 and, with international assistance and support, by 25 per cent by 2030. It sets the target to increase the electricity output produced by renewable sources from approximately 58 billion kWh in 2015 to 101 billion kWh by 2020, and 186 billion kWh by 2030, as well as increasing the rate of households with solar energy equipment from 4.3 per cent in 2015 to approximately 12 per cent and 26 per cent by 2020 and 2030, respectively. — VNS

Read more at http://vietnamnews.vn/economy/535898/new-fit-rate-expected-to-promote-investment-in-solar-energy.html#vk4uCdScXEzqGIRP.99

User Dashboard

Back To ACE