Vietnam urged to venture deeper into renewables

Renewables can eat up 43% of total energy by 2050.

The Vietnam Energy Association said Vietnam has huge potential for renewable energy which can account for 43% of total energy used in the country by 2050 if it is invested wisely, reported Vietnam.net.

According to VEA's report at a recent international conference on new technologies in renewable energy, Vietnam has huge potential in energy from biomass and waste. Vietnam can produce up to 1 billion kWh in 2020 and 6 billion kWh in 2050 from waste.

The total amount of energy Vietnam can produce from biomass and waste can reach up to 9 billion kWh in 2020 and 80 billion kWh in 2050. The solar and wind farm projects are also being expanded. However, such projects need huge investment while electricity prices are low.

View the full article on Vietnam.net here.