Renewable Energy: Vietnam's New Development Key

12:08:27 PM | 30/9/2019

Recently, Vietnam Renewable Energy Week 2019 took place in Hanoi. The event was organized by the Vietnam Sustainable Energy Alliance (VSEA), Vietnam Coalition for Climate Action (VCCA) and Climate Change Working Group (CCWG).

This forum was designed to foster information exchange and multi-stakeholder dialogue to propose solutions to contribute to the fair and equitable transition of energy and to bring the greatest benefit to the sustainable development of Vietnam.

Vietnam - an attractive renewable energy market

Mr. Pham Ngoc Linh, Director of the Department of Science and Technology (Central Propaganda Department), said that since 2017, the Government has issued a series of priority policies to develop renewable energy to boost production and attract domestic and foreign investment. In addition, in the past two years alone, the proportion of renewable energy in the national electricity structure has increased rapidly from an insignificant rate to more than 9% with two main sources: wind and solar power.

According to Mr. Le Hai Dang, Representative of the Strategic Board, Vietnam Electricity (EVN), according to the adjusted Electricity Planning VII, Vietnam had targeted to increase the total national electricity supply from renewable energy to 7% by 2020 and 10% by 2030. However, by July 2019, solar power reached 4,543 MW and wind power 626.8 MW (accounting for 9% of the total electricity source and surpassing by 2% than planned rate). According to the data of EVN, renewable energy in the first two quarters of 2019 contributed 9% in the national electricity system, which is a good sign for the future of this new energy source.

Mr. Dang also shared that the current source of energy for production, business and daily life in Vietnam still depends on three hydroelectric plants, but there are many difficulties due to the exploitation of water on the Da River system up to 90%. Power providers are now relying on coal-fired power plants to compensate, but thermal power plants pollute the environment.

"Green" development trend

According to Ms. Nguy Thi Khanh, Director of the Green Innovation and Development Center (GreenID) – a member of VSEA, Vietnam is assessed as a country with abundant renewable energy potential such as solar energy, wind, waves. This is a prerequisite for developing a clean energy industry. In addition, renewable energy development will ensure energy security, reduce dependence on imported fossil fuels, reduce pollution, protect the climate, community health, promote people's participation and creativity of people and private enterprises to the green energy market.

Stemming from his local reality, Mr. Nguyen Van Nguyen, Deputy Chief of Office of Bac Lieu Provincial Party Committee, said that with its geographical advantages Bac Lieu Province can exploit abundant wind and solar power sources. Therefore, the locality has chosen to develop renewable energy and electrification as the second pillar of development after high-tech agriculture. Up to now, the province has 120 households using solar PV installations with a capacity of 650 kwp (solar measurement capacity), 9 office buildings using solar PV installations with 2,596 kwp and the province is aiming to reach 5,000 kwp.

From a state management perspective, Mr. Do Duc Quan, Deputy Director of the Department of Electricity and Renewable Energy (Ministry of Industry and Trade) said that in the future, this new energy sector of Vietnam could attract a lot of domestic and foreign investors.

From the perspective of international experts, Mr. Antoine Vander Elst, program manager, European Union Delegation to Vietnam, said that in the past four years, the EU has supported and worked with the Government of Vietnam to enhance improvement of issues related to energy conversion. The EU also pledged to continue the implementation within the next 5 years with the Ministry of Industry and Trade and related units to raise public awareness about the benefits of renewable energy.

Phuong – Thanh