Green energy projects in Vietnam still strugglingThough the Government has issued a slew of incentive policies, electricity purchase contract and credit risk issues have put a dent in solar and wind power market growth. “No projects of the Vietnam Electricity Group have got Government backing in the year to date,” said Thang. Overall, electricity purchase agreement and credit issues are regarded as the two biggest difficulties in the eyes of investors. “Vietnam is blessed with immense potential for clean renewable energy development,” PM Phuc told the news agency, adding that the country has great potential for wind energy at an estimated 500-1,000 kWh/m2 on an annual basis. Vietnam has been implementing a strategy for developing renewable energy by 2030 with a vision until 2050, he said.

Source: VietNamNet News June 09, 2018 07:52 UTC