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Renewables growth did not dent fossil fuel dominance in 2022, report says

Renewables growth did not dent fossil fuel dominance in 2022, report says

Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.
Government approves temporary buying price for renewable projects

Government approves temporary buying price for renewable projects

The Ministry of Industry and Trade has approved a temporary electricity buying price for 19 renewable energy projects at half the maximum rate.
May 25, 2023 | 01:12 am PT
Wind power companies suffers losses as bond interest rates soar

Wind power companies suffers losses as bond interest rates soar

Many companies in the wind power industry are suffering losses after raising capital by issuing bonds whose interest rates have surged.
May 14, 2023 | 11:00 pm PT
Partially UK-owned power plant contractor looking for renewable opportunities in Vietnam

Partially UK-owned power plant contractor looking for renewable opportunities in Vietnam

HSS Restoration Asia Group plans to expand cooperation and investment in clean energy in Vietnam.
April 14, 2023 | 06:00 pm PT
EU reaches deal on higher renewable energy share by 2030

EU reaches deal on higher renewable energy share by 2030

The European Union reached a provisional deal on Thursday on higher renewable energy targets, an important pillar of the bloc's plans to fight climate change and end dependence on Russian fossil fuels.
March 29, 2023 | 11:53 pm PT
Clean energy firms fear bankruptcy amid low prices

Clean energy firms fear bankruptcy amid low prices

Wind and solar energy developers are concerned they may go bankrupt as the government’s new feed-in tariffs are too low for them to make profits.
March 16, 2023 | 12:00 am PT
France's TotalEnergies to install solar panels in industrial parks

France's TotalEnergies to install solar panels in industrial parks

French company TotalEnergies is set to install 280,000 square meters of rooftop solar panels for industrial property developer KCN Vietnam.
August 9, 2022 | 10:18 pm PT
Electricity prices may rise if renewables overdeveloped: finance ministry

Electricity prices may rise if renewables overdeveloped: finance ministry

The Ministry of Finance has warned that electricity prices will rise if solar and wind power are not developed commensurately with grid and operational capacity.
July 3, 2022 | 10:17 pm PT
World’s first zero-emission ship docks in HCMC

World’s first zero-emission ship docks in HCMC

Energy Observer, the world’s first renewable energy-powered vessel, is making a stopover in Ho Chi Minh City as part of its world tour, since 2017.
June 23, 2022 | 04:46 am PT
Vietnam cannot bank solely on renewable energy for net-zero emissions

Vietnam cannot bank solely on renewable energy for net-zero emissions

Experts say an exclusive focus on renewable energy, accounting for 27 percent of total power supply, will not be enough to help Vietnam reach its "net-zero" emissions target by 2050.
June 22, 2022 | 08:00 pm PT
Vietnam's hassles in developing offshore wind power industry

Vietnam's hassles in developing offshore wind power industry

Unclear regulations, low prices and an insufficient grid are hampering efforts to develop offshore wind power, experts and industry insiders have said.
June 14, 2022 | 09:04 pm PT
Shortage looms despite large wind, solar power capacity

Shortage looms despite large wind, solar power capacity

Wind and solar power account for a third of capacity and generate 15 percent of output in Vietnam, but there is still a risk of shortages in summer.
May 19, 2022 | 09:31 pm PT
Singapore utility to invest $540 mln in Vietnam renewable energy

Singapore utility to invest $540 mln in Vietnam renewable energy

SP Group, a Singaporean state-owned electricity and gas distributor, has pledged an investment of S$750 million (US$540 million) in sustainable energy in Vietnam.
May 12, 2022 | 07:00 pm PT
French loan to facilitate renewable energy-power grid integration

French loan to facilitate renewable energy-power grid integration

Vietnam Electricity (EVN) will borrow 80 million euros (over US$88 million) from the French Development Agency (AFD) to integrate renewable energy with the power grid in southern Vietnam.
March 29, 2022 | 07:52 pm PT
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