Vietnam Government Supports Development of Renewable Energy Sources

Vietnam Government Supports Development of Renewable Energy Sources

At a recent reception in Hanoi for Raymond Carlsen, General Director of the Norway-based Scatec Solar company, Trinh Dinh Dung, Deputy Prime Minister of Vietnam stated that his government is 100% in support for the development and effective use of renewable energies, towards sustainable socio-economic development, and will continue to encourage future initiatives.

During the reception, held on August 15th 2019 Mr Dung told those in attendance that Vietnam has economic growth of nearly 7% each year and a population of more than 90 million, and the country is well aware of the increasing demand for electricity.

Current projections have shown that Vietnam will require 90,000 MW of electricity by 2025 with an increase to 130,000 MW by 2030, as of now the main sources of power generation are still thermal and hydropower which accounts for 40% of total output. The potential of both these sources has significantly dropped, resulting in the Vietnamese government’s new policies to support and encourage renewable energy sources such as wind and solar power.

The Deputy PM discussed the upcoming Scatec Solar project, expressing his support and hoped the Norwegian company would continue to promote Vietnamese-based business partnerships and invest in technological advancements in the renewable energy sector. Regarding the project approvals process, Mr Dung asked for Scatec Solar to hold working sessions with the country’s ministries and agencies.

Raymond Carlsen commented that Scatec Solar has the advantage of being well versed in helping developing countries set up and manage renewable energy projects. Mr Carlsen further added that Scatec Solar would invest in the 1,000 MW Tri An floating solar power plant located in the Dong Nai province, Southeast Vietnam along with the development of a system to manufacture and export solar panels.

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