Wind farms incur a cost of 7.0 cents for each kWh of electricity generated, whereas the ceiling prices for wind energy are set at VND1,587.12 (6.8 cents) per kWh.
The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021.
Viet Nam’s commitment to increasing its energy capacity using renewable sources and favourable macroeconomic conditions may valuable opportunities for wind investors and developers.
GE Renewable Energy has signed a contract with Ocean Renewable Energy Joint Stock Company to supply 15 wind turbines to its Cau Dat Wind Farm, the first in Lam Dong Province.
With attractive investment attraction policies and favourable natural conditions, Dak Lak has become a destination for many solar and wind power projects.
The two plants are being developed by a joint venture between Chư Prong Gia Lai wind power company and Chư Prong Gia Lai wind energy company in Bau Can District.
The rush to invest in wind energy to take advantage of the Government''s pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario.
Viet Nam needs to focus on developing the wind power industry and implementing transparent policies on granting investment licences to wind power projects.
Viet Nam’s TSV Investment JSC and Singapore’s wind energy developer The Blue Circle kicked off the construction of Dam Nai wind project in Ninh Thuan Province on Friday.