Shu Xin Lim

Market To Watch: Vietnam

With a coastline of more than 3,000 km and an average wind speeds of 8m/s-9m/s in the south, Vietnam´s potential to develop and generate wind power is substantial. In two reports both by the World Bank Group, Wind Resource Atlas and Going Global: Expanding Offshore Wind to Emerging Markets, a whopping 24 GW of onshore and 475 GW of offshore wind technical capacity was identified across Vietnam. By the end of 2019, Vietnam has a total cumulative installed wind power capacity of 487.4 MW, which includes 99 MW of intertidal projects, the first of its kind in the ASEAN region. Due to the strong flows of foreign and domestic investors into Vietnam’s wind sector, the market is predicted to install approximately 4 GW of wind capacity by 2025.

Wind industry calls for additional 7 GW of wind energy to be installed in Thailand by 2037

Today, the Global Wind Energy Council (GWEC), Thailand Wind Energy Association (ThaiWEA) and United States Agency for International Development (USAID) joined forces in Bangkok to hold the first Thailand Wind Energy Roundtable. This roundtable discussion brought together Thai government stakeholders and industry players active in the region to constructively discuss how to strengthen onshore wind development in Thailand. With 1.5 GW of onshore wind already installed, the country has a technical potential of 13-17 GW which could be developed by increasing target ambitions and support schemes for wind energy in Thailand’s Power Development Plan (PDP).

Highlights of the Asia Clean Energy Summit 2019 Wind Energy Conference

On 31 October 2019, energy industry leaders gathered in Singapore for the Wind Energy Conference at the Asia Clean Energy Summit (ACES). The conference, co-organised by the Global Wind Energy Council (GWEC) and the Sustainable Energy Association of Singapore (SEAS), featured dialogues on regulatory challenges, project financing and the latest technological advancements in the wind sector.