Realize the wind power "dream": No difficulties, no discoveries?

VCN- The Ministry of Industry and Trade is working to introduce a more harmonious wind power price to realize the "dream" of wind power in the future.
realize the wind power dream no difficulties no discoveries
Currently, the number of wind power projects put into use is quite small compared with the total investment projects. Source: Internet.

New 7 projects put into use

According to the adjusted plan for national electricity development in the 2011-2020 period with a vision to 2030 (referred to as adjusted Electricity Regulation VII) approved by the Prime Minister on March 18, the goal is to bring total wind power capacity from 140 MW (2016) to around 800 MW by 2020, about 2,000 MW by 2025 and about 6,000 MW by 2030. In addition, wind power will account for about 0.8% by 2020, about 1% by 2025 and about 2.1% by 2030.

Mr. Nguyen Van Thanh, Deputy Director General of the Electricity and Renewable Energy Department (Ministry of Industry and Trade), said that the Government of Vietnam has issued priority policies and incentives to encourage renewable energy sources, especially towards the use of wind energy, solar power and biomass to replace fossil fuels in the future. These mechanisms help the development of wind power in Vietnam to flourish, but it is still slow. Up to now, only 7 wind power projects with total capacity of 190 MW have been put into use. Meanwhile, countries around the world have developed and successfully utilized the benefits of wind power. Most recently, China and India are also making strong progress in this area and have achieved unexpected results.

In relation to the wind power story, the German International Cooperation Agency (GIZ) Nguyen The Mich, a consultant on wind energy, said: Vietnam currently has about 60-70 wind power projects with total capacity of about 700 MW, but it is worth noting that the number of projects being implemented in practice is quite limited. There are new projects at the pre-feasibility study stage, which have started the next steps but still waiting, pending appropriate policies...

Is there a clear development plan, why is wind power in Vietnam so slow? This delay, according to Mr. Thanh, is because there are still many barriers to wind power development. These are: Difficulties in terms of land use, capital, capacity connection, and limited access to new and effective technology, backup power.

"Wind power prices are not attractive enough for investors. The Ministry of Industry and Trade is working to develop a more harmonious wind tariff in the coming time to ensure fairness between renewable energy sources and current technology in the world," Mr. Thanh said.

Need policy to attract resources

Expert Nguyen The Mi said that to really develop wind power, the key is that the State must put forward a policy to mobilize the resources for investment in this field. At the right price, the ability to invest in wind power will explode.

Mr. Steve Sawyer, Secretary General of the Global Wind Power Association (GWEC), said that Vietnam should make further efforts to improve the efficiency and transparency of market regulations as well as the bidding process. If GWEC can cooperate with the Government of Vietnam to resolve a number of regulatory issues, the wind power sector in Vietnam will be able to grow strongly, bring significant benefits, and help Vietnam to become an attractive destination for international investors. Some experts recommend that, in order for investors to be more salient in deploying wind power projects, Vietnam needs to continue to standardize electricity purchase contracts for wind power projects, be accepted by the international financial institutions; the process of project approval should be simplified, clear, transparent and time-bound... This is to reduce uncertainty and increase the confidence of the market as well as investors.

Around the story of wind power development, the leading expert on wind power Pham Phu Uynh noted: The development of new energy sources, especially clean and renewable energy sources such as wind energy, mostly depends on the development of technology as well as the price of such energy sources. In recent years, Vietnam has invested a lot in the exploitation and use of wind energy, but the technology still has to buy, and the price is very high compared to the two types of traditional energy, hydropower and thermal power. Vietnam should focus more on the development of exploitation and use of renewable energy in general, and wind power in particular, through focusing on technology development and human resources in the country.

"Another thing is that Vietnam has different weather conditions compared to other European countries where the wind power industry has developed. Many sea areas of the country, with the appearance of storms the wind is blowing unstably, causing wind turbines to easily break down, malfunction during operation. The technology of your country can be good in your country, but if you bring the same technology to apply in our country it really is not good,” expert Pham Phu Uynh said.

By Uyển Như/ Huu Tuc

Related News

The supporting industry needs high-tech human resources

The supporting industry needs high-tech human resources

VCN - The trend of shifting supply chains is opening up many opportunities for the domestic supporting industry to develop; the problem of human resources is becoming more urgent so that businesses can improve production capacity and self-sufficiency competitiveness by meeting the increasing requirements of the value chain.
Semiconductor industry needs 50,000 high-quality workforce in next 10 years

Semiconductor industry needs 50,000 high-quality workforce in next 10 years

Vietnam's workforce demand in the semiconductor–microchip field is forecast to be around 20,000 engineers for the next five years, and 50,000 engineers in the next 10 years, according to economists from the Fullbright University.
Vietnam making new moves in multibillion-dollar semiconductor industry

Vietnam making new moves in multibillion-dollar semiconductor industry

Vietnam is making strong progress in advancing its standing in the global semiconductor supply chain as many of the world’s largest chip manufacturers have landed in the Southeast Asian nation, insiders said.
The market is shifting, forcing the industry to speed up to adapt

The market is shifting, forcing the industry to speed up to adapt

VCN - A series of new policies from the import market pose many challenges for domestic export businesses, in which textiles, furniture and household appliances are directly affected industries.

Latest News

Central beach city to lure investment from potential partners

Central beach city to lure investment from potential partners

The central hub will welcome all investors planning for investment expansion or fund flow moves in the region.
Vietnam to have enough 8 million tonnes of rice for export

Vietnam to have enough 8 million tonnes of rice for export

Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Binh Duong: Fertile ground for logistics businesses

Binh Duong: Fertile ground for logistics businesses

VCN - With its strategic geographical location and strong infrastructure development, Binh Duong is considered fertile ground for businesses to invest in and operate logistics services.
Some 51,600 new firms established in four months

Some 51,600 new firms established in four months

As many as 51,600 new enterprises with total registered capital of nearly 508 trillion VND (20 billion USD) were established in the first four months of 2024, representing year-on-year increases of 3.4% in the number of businesses and 9.3% in the capital, according to the General Statistics Office (GSO).

More News

Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Vietnam’s agro-forestry-aquatic product exports raked in some 19.06 billion USD in the first four months of 2024, up 23.7% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Enhance the core values of the national brand

Enhance the core values of the national brand

VCN - Vietnam is always considered one of the most dynamic and open economies in the world, the 4th largest economy in ASEAN and the 40th largest in the world. However, in the context of a highly competitive economy, the issue of branding is still a weakness of Vietnamese businesses.
Solutions for maintaining Vietnam

Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment

VCN - Attracting FDI capital has been one of the bright spots contributing to the positive economic outcomes of Q1/2024, setting a favorable stage for the year 2024. This outcome has reaffirmed investors' confidence in Vietnam's investment environment and continues to drive decisions for new investments and the expansion of existing projects in Vietnam.
FDI disbursement in January-April period reaches five-year record

FDI disbursement in January-April period reaches five-year record

The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
Binh Duong aims to become logistics hub in southern region

Binh Duong aims to become logistics hub in southern region

With its existing infrastructure and industrial parks, Binh Duong has strong potential to become a logistics hub of the region.
Digital transformation – optimal choice for Vietnamese garment & textile firms

Digital transformation – optimal choice for Vietnamese garment & textile firms

Digital transformation is considered a “key” to help Vietnamese garment and textile enterprises expand while meeting sustainable development, heard a recent conference held in Ho Cho Minh City.
Infrastructure development creates momentum for exports to "neighboring" markets

Infrastructure development creates momentum for exports to "neighboring" markets

VCN - Promoting trade in goods and services across the land border has helped Vietnam have a goods exchange scale of tens of billions of dollars. However, the results are still not commensurate with the potential.
Seaports increase services to attract goods

Seaports increase services to attract goods

VCN - In the first months of 2024, import and export goods through many seaports have changed positively, port operators have applied many solutions to meet business requirements.
The supporting industrial enterprises transform for sustainable development

The supporting industrial enterprises transform for sustainable development

VCN - In supporting industry manufacturing enterprises (Support Industry), gradually "greening" production, green factories, clean raw materials, green energy... has become an inevitable trend, helping to meet the needs of customers. requirements to increase opportunities to enter the global value chain.
Read More

Your care

Latest Most read
Central beach city to lure investment from potential partners

Central beach city to lure investment from potential partners

The central hub will welcome all investors planning for investment expansion or fund flow moves in the region.
Vietnam to have enough 8 million tonnes of rice for export

Vietnam to have enough 8 million tonnes of rice for export

Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Binh Duong: Fertile ground for logistics businesses

Binh Duong: Fertile ground for logistics businesses

With its strategic geographical location and strong infrastructure development, Binh Duong is considered fertile ground for businesses to invest in and operate logistics services.
Some 51,600 new firms established in four months

Some 51,600 new firms established in four months

As many as 51,600 new enterprises with total registered capital of nearly 508 trillion VND (20 billion USD) were established in the first four months of 2024, representing year-on-year increases of 3.4% in the number of businesses and 9.3% in the capital, according to the General Statistics Office (GSO).
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Vietnam’s agro-forestry-aquatic product exports raked in some 19.06 billion USD in the first four months of 2024, up 23.7% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Mobile Version