The decree, announced on July 3, outlines a mechanism for direct power transactions between renewable energy producers and major electricity consumers. This initiative aims to enhance flexibility and competition in Vietnam’s energy sector. Through two methods: private power lines and the national grid. For private power lines (bypassing EVN), renewable energy producers, including solar, wind,...
Discusses the significant development of Vietnam’s energy sector with the introduction of a Direct Power Purchase Agreement (DPPA) that enables large corporations to directly purchase renewable energy. This marks a key milestone in the country’s efforts to transition to a greener energy model. Vietnam has been making strides in renewable energy development, particularly with wind...
In a significant step toward decarbonizing its economy, Vietnam has introduced a policy that allows large corporations to purchase clean energy directly from renewable sources to meet their climate goals. Announced in July 2024, this policy aims to support the nation’s transition to a low-carbon economy while encouraging corporate participation in the clean energy sector....
The article discusses Vietnam’s progress in renewable energy and its achievements in clean electricity generation. As of the latest data, Vietnam has succeeded in generating 42% of its electricity from clean sources, surpassing the global average of 39%. This marks a significant shift for the country, which has historically relied on fossil fuels for its...
Vietnam has proposed a revision to its Electricity Law in a bid to attract investment in the country’s energy transition. The proposed changes are designed to promote the development of renewable energy sources, improve electricity market operations, and enhance the efficiency and transparency of the energy sector. This move comes as Vietnam seeks to meet...
Vietnam is striving to meet its renewable energy goals, which include sourcing 30% of its electricity from renewables by 2030. However, the country faces significant challenges, including a lack of sufficient infrastructure and technological expertise in clean energy. To overcome these hurdles, foreign companies, particularly from countries like Japan, South Korea, and the EU, are...
Envision Energy has officially become the largest Chinese turbine provider, surpassing other domestic players in the wind turbine manufacturing sector. The company’s growth trajectory has been marked by a combination of strategic partnerships, technological innovation, and a strong global presence. Envision’s leadership in the market is largely attributed to its commitment to developing cutting-edge wind...
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