Vietnam energy transition

Prices have been submitted for onshore and nearshore projects.

Around $136.3b will be invested in power infrastructure from 2026 to 2030.

This will benefit around 48,000 homes annually.

Coal-fired thermal power dominated the first two months.

This portion of the project is 41 kilometres long.

The funding will cover solar, wind, and hydropower projects.

Ninh Thuan nuclear facility will utilise the 2025 contingency fund.

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.

The facility will support thermal power plants.

This will refinance a 50-MW solar facility.

The electricity it will produce will be supplied to state-owned Vietnam Electricity.

This is the first wind power project in Lao PDR. 

It is the second credit line signed by JBIC with Vietcombank.

The financing package was provided by the Asian Development Bank.

The market may not complete its power mix transition in this decade.

This is in support of the 88MW wind farm in Ninh Thuan province.