Coal, Renewables to dominate Vietnam’s electricity mix by 2024

Coal and renewable energy will account for 43% and 42% of its electricity mix, respectively.

Coal and renewable energy will account for 43% and 42% of its electricity mix, respectively.

Coal and renewable energy are expected to dominate the electricity mix of Vietnam, accounting for 43% and 42%, respectively, by 2024, the International Energy Agency (IEA) reported.

Gas-fired generation will be contributing 14%, through liquefied natural gas-to-power projects, such as TiV ai, and Son My.

Vietnam continues to rely on coal even as it saw strong growth in its installed solar photovoltaic capacity.

“The country continues to rely on coal to meet a large proportion of its electricity demand – for 2021 we estimate that 45% of electricity generation came from coal,” the IEA noted.

In 2022, the overall electricity demand in the country is expected to recover further and grow 7% annually, driven by the lifting of restrictions as well as the ramping up of vaccination rates.

In addition, Vietnam’s urbanization and strong manufacturing industry are also expected to drive growth in electricity demand.

This followed a decline in electricity demand seen in the first two weeks of the month of 15% compared to 2020.

International Energy Agency

Vietnam Coal-fired Power

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Power account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit