For economic sustainable
development combined with environmental protection, the Government of
Vietnam has made significant steps in the formulation of policies
on renewable energy development,
which take advantages of favorable conditions for
the production of wind energy.
Many policies have
been initiated to support wind power
project, including power price assistance from
central budget; assistance to grid and off-grid
connected wind power projects...focusing on wind power electricity development
target to achievethe total wind power capacity from the
current negligible level to around 800
MW by 2020 and around 6,000 MW by 2030,
raising the rate of electricity from wind power accounted for 0.8% in 2020 to
2.1% in 2030.
Some financial policies for
investment projects under the Clean Development Mechanism (price supporting
mechanism) are issued. Moreover, the Government
published independent mechanisms to support wind power
projects on electricity price for grid-connected wind power projects, power
purchase agreements for wind power projects.
Nonetheless,
there are difficulties in the development
of wind power projects
in Vietnam that should not be ignored. The first thing is
difficulty of legal framework. The system of legislation, mechanisms and
policies for wind power development are not synchronized. New project
must be granted by the Ministry of
Industry and Trade to establish the
supplementary planning procedures prior to
implementation. Power purchase agreement
with EVN will be required as the initial
condition to obtain investment permission.
Moving
toward the future of clean energy in
Vietnam, the Government should focus on
implementation of preferential treatment to wind energy projects to increase
the competitiveness of this renewable energy. In addition, the Government
should also collaborate with investors, and industry experts
to continue to research the wind
power potential in Vietnam, further attract
investment and assistance from domestic and
international organizations for the wind power
projects. Further, it is in the meantime required to have synchronized
policies, legislations with the establishment of government authority to execute
wind power planning and management to remove unreasonable barriers.
The increase
in purchasing price from EVN will be
attracting more investment. It has been
discussed on the increase of buying price
from 7,8 US cent/kWh however the
timeline for the increase has not yet been finalized.
ANT Consulting is here
to assist you from the outset; providing corporate intelligence, risk advisory,
management consulting services that assist market entrance, and ensure
efficient business start-up operation. Our services are as following:
We strive to save your
cost by guiding you towards economical solutions that comply with local
legislation and procedures. We support you through early logistic solutions and
carry you through as your business grows.
We aim to bridge the gap between international best practices and local
cultures and assist foreign companies and organizations entering Vietnam market
to overcome commercial and regulatory issues.
We could be reached at
email: ant@antconsult.vn or
tel: +848 3520 2779 . To learn more about us, please visit
www.antconsult.vn
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