Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.
The Vietnamese government has approved a plan to develop renewable energy sources for electricity production, including building rooftop solar for residential and commercial premises.
The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries.
Vietnam has cut its 2030 power capacity target by 35GW under its newly agreed upon draft Power Master Plan VIII (PMP8) but is making more room for renewables as it seeks to reduce its reliance on coal.
SK Ecoplant, part of the South Korean conglomerate SK Group, has signed a US$200 million joint venture (JV) agreement with Vietnamese rooftop specialists Nami Solar for the development of 250MW of rooftop solar in Vietnam over the next four years.
Solar PV power generation in Vietnam could about to be maximised through the integration of battery energy storage systems (BESS), with consultancy AqualisBraemar LOC Group (ABL Group) hired to conduct feasibility studies across multiple PV plants following curtailment issues in the country.
Singapore-based energy company Sembcorp Industries has signed a collaboration agreement with Bamboo Capital Group (BCG) for the development of 1.5GW of renewable projects in Vietnam
Global developer Mainstream Renewable Power has acquired an 80% stake in Technology and Development Joint Stock Company (D&T), which holds a 405MW portfolio in Dak Nong province, Vietnam
