solar pv market under duress from dependence on imports

Solar PV market under duress from dependence on imports

As one of the fastest-developing countries in solar thanks to the current feed-in tariff, Vietnam’s billion-dollar solar panel market is mostly dominated by foreign investors and depending on imports.
authorities cracking down on agricultural pretenders

Authorities cracking down on agricultural pretenders

Farms neglecting agricultural production after installing rooftop solar power projects are being warned by local authorities to resume production soon in line with their project’s licences or face sanctions.
danang encourages new renewable energy projects

Danang encourages new renewable energy projects

Danang encourages private enterprises to develop the renewable energy sector, including offshore projects as well as projects collaborating with high-tech agricultural development projects.
coal hydro power to give way to renewables

Coal, hydro power to give way to renewables

Electricity of Vietnam (EVN) plans to mobilise 32 billion kWh of renewable energy, including 26.3 billion kWh of solar power, meaning the output of coal-fuelled and hydro-power plants will be reduced.
foreign investors increase acquisitions of renewable energy projects in vietnam

Foreign investors increase acquisitions of renewable energy projects in Vietnam

Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises.
legislative urgency for solar project development

Legislative urgency for solar project development

In late January, the Ministry of Industry and Trade (MoIT) issued a draft decision guiding the selection of investors implementing solar power projects under the bidding mechanism. Since the prime minister’s Decision No.13/2020/QD-TTg dated April 6, 2020 on mechanisms to promote development of solar power in Vietnam applies to grid-connected projects with commercial operation date (COD) by December 31, 2020 only, it is expected that the draft will soon be finalised and become effective, so solar energy developers as well as relevant government authorities can have guidelines for projects with COD from 2021 onwards.
high hopes for pdp8 reform of energy mix

High hopes for PDP8 reform of energy mix

The Ministry of Industry and Trade has submitted the National Power Development Plan 8 for approval within this government tenure. Although the plan is designed flexibly, some experts pointed out possible inefficiencies and the risk of wasting financial resources.
jinkosolar hongkong invests in photovoltaic cell technology project in quang ninh

JinkoSolar Hongkong invests in photovoltaic cell technology project in Quang Ninh

On March 31, Jinko Solar Hongkong Ltd. received the investment and business registration certificates for its $500 million solar photovoltaic cell factory in Song Khoai Industrial Park in Quang Ninh province.
local consideration required in vietnams energy advance

Local consideration required in Vietnam’s energy advance

Solar power farms have been emerging across the nation, offering tremendous advantages for those who can utilise them on their farmland, as well as contributing to a more sustainable energy footprint that counteracts climate change. However, some of the large solar projects are leaving expelled farmers without compensation and a dire outlook for their future.
new phase on horizon for solar power development

New phase on horizon for solar power development

Vietnam, a rising star in Asia in solar power development, is to slash feed-in tariffs for rooftop solar installations this month, hoping to release some of the pressure on the national power grid that was exacerbated by the previous generous tariff that lasted until the end of December, as well as to prevent fraud for solar farming.
mekong delta drives attractiveness to foreign investors

Mekong Delta drives attractiveness to foreign investors

Foreign investors from Thailand, South Korea, and Japan are eyeing investment opportunities in garment and textiles, construction, solar power, manufacturing, and retail in the Mekong Delta.
pdp8 priorities and risks addressed

PDP8 priorities and risks addressed

The progression of the country’s  National Power Development Plan 8 is a particularly important task for Vietnam to mobilise the resources required to provide sufficient electricity and ensure overall energy security. However, after the publication of the plan’s third draft, several local institutions have criticised the set focus and have warned about entailing risks.
swedish green residence powering forward a more sustainable vietnam

Swedish Green Residence – Powering forward a more sustainable Vietnam

In commemoration of the international Solar Appreciation Day and in an effort to promote energy efficiency and sustainability, a solar panel system is formally inaugurated today at the Swedish Residence in Tay Ho, Hanoi.
higher risk of default from solar power investment

Higher risk of default from solar power investment

The rush into solar power investment ventures has triggered a growing concern over loan defaults at banks as well as threatened to disrupt the country’s energy balance. 
malaysias tenaga makes foray into vietnamese solar market

Malaysia's Tenaga makes foray into Vietnamese solar market

Tenaga Nasional Bhd.'s (TNB) wholly-owned subsidiary TNB Renewables Sdn., Bhd. will acquire a 39 per cent stake in a 21.6MW project comprising of five rooftop solar plants in Vietnam from Singapore’s Sunseap Group.