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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.
Phong Lieu Wind Power profits in slumping industry

Phong Lieu Wind Power profits in slumping industry

Phong Lieu Wind Power JSC reported VND124 billion ($5.3 million) after-tax profits last year, 2.7 times higher than the previous year.
May 23, 2023 | 05:50 pm 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
Ceiling prices for solar, wind power set

Ceiling prices for solar, wind power set

The Ministry of Industry and Trade has set the ceiling price for solar power at VND1,185-1,508 (VND24,000=$1) per kWh and wind power at VND1,587-1,816 per kWh, depending on the type.
January 7, 2023 | 07:38 pm PT
PM calls for reducing 'high' renewable energy prices

PM calls for reducing 'high' renewable energy prices

Renewable energy investors are making "great profits" but people are paying high prices for electricity, and it is necessary to harmonize the two sides' interests, Prime Minister Pham Minh Chinh said.
December 4, 2022 | 11:09 pm PT
Vietnam wind power prospects bring in Danish investors

Vietnam wind power prospects bring in Danish investors

More than half of the 35 Danish business executives accompanying Crown Prince Frederik during his official visit to Vietnam on November 1-2 are in the wind power industry.
October 23, 2022 | 08:02 pm PT
Electricity company Trungnam Group plans $500-mln bond issuance

Electricity company Trungnam Group plans $500-mln bond issuance

Energy developer Trungnam Group plans to issue US$500 million worth of bonds in the next three years to fund a number of projects until 2030.
September 22, 2022 | 08:35 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
$219-mln offshore wind power plant launched in Mekong Delta

$219-mln offshore wind power plant launched in Mekong Delta

Renewable energy developer Trungnam Group has launched its first offshore wind power plant at a cost of nearly VND5 trillion ($219.3 million) in the Mekong Delta.
January 17, 2022 | 07:32 pm PT
Wind power investors claim bankruptcy looms without incentive tariffs

Wind power investors claim bankruptcy looms without incentive tariffs

Wind power companies said if the government does not extend the October 31, 2021 deadline for the incentive feed-in-tariff for electricity they face the threat of bankcruptcy.
January 6, 2022 | 01:30 am PT
Ministry mulls new tariffs for wind power plants that missed incentive deadline

Ministry mulls new tariffs for wind power plants that missed incentive deadline

The Ministry of Industry and Trade is considering various price mechanisms for wind power plants that did not meet the October 31 deadline for the incentive feed-in-tariff.
December 24, 2021 | 04:57 am PT
Vietnam targets 75 pct energy from renewables by 2045

Vietnam targets 75 pct energy from renewables by 2045

Vietnam plans to have renewables account for 75 percent of national power production capacity and 70 percent of actual production by 2045 under its COP 26 commitments.
December 1, 2021 | 06:07 am PT
‘Irrational’ to extend wind power price incentive deadline: minister

‘Irrational’ to extend wind power price incentive deadline: minister

Extending the incentive feed-in-tariff for wind power projects after Oct. 31 will be “irrational” and inequitable, Minister of Industry and Trade Nguyen Hong Dien has said.
November 10, 2021 | 05:45 am PT
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