Vietnam energy transition
Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy
On 3 July 2024, the Government of Vietnam issued its long-awaited decree permitting direct power purchase agreements (DPPAs) for renewable energy between private project developers and private energy consumers. An extraordinary feature of the decree grants permission for entirely privately developed, owned, and operated transmission lines. This provision could allow the development of large-scale solar or wind farms at remote sites to supply industrial consumers directly. This landmark legislation could ignite a new wave of rapid renewable energy development in Vietnam.
Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy
On 3 July 2024, the Government of Vietnam issued its long-awaited decree permitting direct power purchase agreements (DPPAs) for renewable energy between private project developers and private energy consumers. An extraordinary feature of the decree grants permission for entirely privately developed, owned, and operated transmission lines. This provision could allow the development of large-scale solar or wind farms at remote sites to supply industrial consumers directly. This landmark legislation could ignite a new wave of rapid renewable energy development in Vietnam.
Vietnam’s gas project bags $832m in Japanese loans
The facility will support thermal power plants.
HSBC, Leader Energy ink $23.13m loan for solar project in Vietnam
This will refinance a 50-MW solar facility.
Vietnam’s 29.7 MW wind project goes online
The electricity it will produce will be supplied to state-owned Vietnam Electricity.
ACEN signs financing for Monsoon Wind project in Lao PDR
This is the first wind power project in Lao PDR.
JBIC, Vietcombank opens credit line for Vietnam RE projects
It is the second credit line signed by JBIC with Vietcombank.
ACEN, BIM Group bags US$107m financing for Vietnam wind farm
The financing package was provided by the Asian Development Bank.
What will run Vietnam’s power sector
The market may not complete its power mix transition in this decade.
ADB, BIM Wind sign a $107M financing for Vietnam’s wind energy
This is in support of the 88MW wind farm in Ninh Thuan province.
EDP Renewables acquires 200MWac solar projects in Vietnam
The projects are located in the Thuan Bac district.
Credible decarbonisation strategy will boost Vietnam’s manufacturing sector
Renewable energy sources are a “conduit for sustainable investments,” said IEEFA.
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