July 13 (Renewables Now) – State-owned group PetroVietnam plans to step on the renewable energy stage by deploying 900 MW of renewables capacity by 2035, with an interim goal of 100 MW by 2025, Reuters reports. The oil firm, previously known as Vietnam Oil and Gas Group, will undertake the plan as crude oil production in Vietnam has been declining in most of the country’s offshore oil fields. Developing renewable energy projects, thus, is seen as an “inevitable” step, the company has told the news agency.
