Vietnam energy transition

Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy

On 3 July 2024, the Government of Vietnam issued its long-awaited decree permitting direct power purchase agreements (DPPAs) for renewable energy between private project developers and private energy consumers. An extraordinary feature of the decree grants permission for entirely privately developed, owned, and operated transmission lines. This provision could allow the development of large-scale solar or wind farms at remote sites to supply industrial consumers directly. This landmark legislation could ignite a new wave of rapid renewable energy development in Vietnam.

Vietnam’s direct power purchase agreement decree could catalyze a new era for renewable energy

On 3 July 2024, the Government of Vietnam issued its long-awaited decree permitting direct power purchase agreements (DPPAs) for renewable energy between private project developers and private energy consumers. An extraordinary feature of the decree grants permission for entirely privately developed, owned, and operated transmission lines. This provision could allow the development of large-scale solar or wind farms at remote sites to supply industrial consumers directly. This landmark legislation could ignite a new wave of rapid renewable energy development in Vietnam.

Vietnam’s gas project bags $832m in Japanese loans

The facility will support thermal power plants.

Vietnam’s 29.7 MW wind project goes online

The electricity it will produce will be supplied to state-owned Vietnam Electricity.

ACEN signs financing for Monsoon Wind project in Lao PDR

This is the first wind power project in Lao PDR. 

JBIC, Vietcombank opens credit line for Vietnam RE projects

It is the second credit line signed by JBIC with Vietcombank.

ACEN, BIM Group bags US$107m financing for Vietnam wind farm

The financing package was provided by the Asian Development Bank.

What will run Vietnam’s power sector 

The market may not complete its power mix transition in this decade.

ADB, BIM Wind sign a $107M financing for Vietnam’s wind energy

This is in support of the 88MW wind farm in Ninh Thuan province. 

EDP Renewables acquires 200MWac solar projects in Vietnam

The projects are located in the Thuan Bac district.

Credible decarbonisation strategy will boost Vietnam’s manufacturing sector

Renewable energy sources are a “conduit for sustainable investments,” said IEEFA.