Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix
1 year, 6 months ago

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We need power to operate the machines.” The national energy plan, called Power Development Plan 8 or PDP8, aims to more than double the maximum power Vietnam can generate to some 150 gigawatts by 2030. “This plan showcases Vietnam’s macroeconomic growth ambitions — with robust plans to expand its generation capacity and the associated power sector infrastructure required to cater to the country’s growing energy demand,” said Kanika Chawla chief of staff at Sustainable Energy for All, the United Nations’ sustainable energy unit. While Vietnam’s new energy plan mandates that no new coal-fired power plants will be built after 2030 as the country transitions to cleaner fuels, total generation capacity from coal power will still rise by 2030, contributing some 20% of total energy production — down from the current 30.8%. “Any disruption to gas supply, even if they emanate due to reasons outside of Vietnam’s control, may potentially push the country back to coal if alternate renewable energy capacity is not ramped up soon.” Financing is another challenge since the plan calls for spending nearly $135 billion on new power plants and electricity grids from now until 2030.

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History of this topic

SE. Asia eyes low-carbon development
3 weeks, 2 days ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 2 days ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 2 days ago

SE. Asia eyes low-carbon development

China Daily  

By PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-12-02 12:08 Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN …

Are Indonesia and Vietnam’s multibillion-dollar clean energy deals stuck? Experts say not yet
3 months, 1 week ago

Are Indonesia and Vietnam’s multibillion-dollar clean energy deals stuck? Experts say not yet

Associated Press  

JAKARTA, Indonesia — Indonesia and Vietnam signed multibillion-dollar energy transition deals in 2022 that were heralded as drastic shifts in financing that would enable the coal-dependent countries to pivot to cleaner energy. Indonesia’s deal provides over $20 billion for the early phase-out and retirement of coal-fired power plants and the development of clean energy sources like solar or geothermal. “Indonesia …

Vietnam allows big companies to buy clean energy directly to meet their climate targets
5 months ago

Vietnam allows big companies to buy clean energy directly to meet their climate targets

Associated Press  

HANOI, Vietnam — Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country’s overstrained grid. About 20 large companies are interested in buying clean energy directly from producers, according to a survey conducted by Vietnam’s Ministry of Industry and Trade, with …

Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28
1 year, 1 month ago

Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28

Associated Press  

HANOI, Vietnam — A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced at the COP28 climate conference, which begins in Dubai next week. The United Kingdom is co-chair of a group of nine, rich industrialized nations that have agreed to provide the $15.5 billion to help Vietnam end …

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix
1 year, 6 months ago

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix

Associated Press  

JAKARTA, Indonesia — Power outages are leaving Vietnamese homes and businesses without power for hours at a time, as a prolonged drought and high temperatures strain the fast-growing economy’s capacity to keep up. “We need power to operate the machines.” The national energy plan, called Power Development Plan 8 or PDP8, aims to more than double the maximum power Vietnam …

G7 agrees $15.5B energy deal with Vietnam to cut emissions
2 years ago

G7 agrees $15.5B energy deal with Vietnam to cut emissions

Associated Press  

BERLIN — A group of nine rich industrialized nations approved a deal to provide Vietnam with $15.5 billion to help the Southeast Asian nation move faster from coal power to renewable energy, cutting its climate-damaging pollution. The Group of Seven major economies, along with Norway and Denmark, said in a statement that the aim is to help Vietnam reduce its …

Vietnam’s ‘unjust’ energy transition
2 years, 3 months ago

Vietnam’s ‘unjust’ energy transition

Al Jazeera  

Three years ago, during a visit to Vietnam, I had the great fortune of meeting an environmental hero, named Nguy Thi Khanh. I watched as she skillfully built bridges between people, industry leaders and government officials to protect communities from harmful coal pollution, paving the way for Vietnam’s sustainable energy future. Since then, Khanh’s efforts have proved fundamental to Vietnam …

After renewables frenzy, Vietnam’s solar energy goes to waste
2 years, 7 months ago

After renewables frenzy, Vietnam’s solar energy goes to waste

Al Jazeera  

Solar and wind farms forced to limit operations due to infrastructure limitations following the renewables boom. “I’m losing on average 40 percent of output,” Kiet told Al Jazeera, referring to the solar panels he installed on the roof of his store so he could sell power to the national grid. This was not possible since in 2018 nobody knew for …

The ADB’s plan to help phase out coal may not achieve much
3 years, 1 month ago

The ADB’s plan to help phase out coal may not achieve much

Live Mint  

The Asian Development Bank and other financial institutions will take an ambitious proposal to end Southeast Asia’s coal addiction to the CoP-26 climate talks. Indonesia, the Philippines and Vietnam, its three pilot countries, have young power plants, opaque long-term pricing agreements, and do not yet make carbon emissions sufficiently costly. But as the plan’s detail are laid out, institutions supporting …

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