Several countries in the Southeast Asia region have expressed interest in purchasing Việt Nam’s renewable energy, according to the Institute of Science and Environment, Seas and Islands under the Ministry of Natural Resources and Environment (MoNRE).
According to Dr Dư Văn Toán from the institute, Việt Nam’s total installed power capacity reached 78.4GW by 2021, making it the largest power system among ASEAN countries. The country has also been heavily investing in renewable energy in recent years.
By 2030, Việt Nam’s offshore wind power is projected to reach 6,000MW, with a goal of over 70,000MW by 2050.
The National Power Development Plan VIII for the 2021 – 2030 period has set out a path for the strong development of offshore wind power, in conjunction with other renewable energy sources including solar power, onshore wind power, hydro, and biomass to meet domestic and export demands.
“We have been contacted by a company based in Singapore about the purchase of 4GW of renewable energy per year and another offer for 10GW from companies from Malaysia,” said Toán.
Competition, however, will likely be stiff. Singapore, a potential customer of Việt Nam’s renewable energy, has been in the process of evaluating some 20 proposals from sellers, including companies from Australia, India and Cambodia.Source: VNA
