In GWEC Market Intelligence’s latest report, Market Update on South East Asia – Insights on Vietnam, the region’s potential for wind power is put into the spotlight, with Vietnam emerging from the pack as one of the countries with the highest potential. Launched in Hanoi at Vietnam Wind Power 2019,the report provides insights on how Vietnam can be a wind power leader in the region with over 327MW of onshore and offshore wind capacity already installed, and an additional 1GW forecasted to be installed by 2021.
GWEC launched its new South East Asia Task Force, a key tool to promote wind energy in the emerging markets in the region, at Vietnam Wind Power 2019 in Hanoi. The group will act to engage governments and stakeholders,produce research and policy papers and much more in order to assist in the growth of wind and other renewable energy sectors in the region.
Vietnam can be the next big wind energy market in South East Asia. With a growing GDP, increasing population, surging power growth rate with dependance on coal, and a favourable FiT system, Vietnam has all the fundamentals in place to be a wind power leader in the region.
In September 2018, the government of Vietnam increased its Feed-in-Tariff (FiT) of onshore projects from 7.8 US cents to 8.5 US cents, and also introduced the offshore tariff of 9.5 US cents. Other support mechanisms in the form of tax exemptions, such as import, corporate and land tax exemption, as well as exemption from Environment Protection Fees were also put in place. Altogether, these measures have piqued the interest of the international developer community as eyes have gone to Vietnam to be the next big wind market in South East Asia.
The Global Wind Energy Council (GWEC) is pleased to welcome GE Renewable Energy as its latest board level member. GE Renewable Energy is one of the world’s leading manufacturers of onshore and offshore wind turbines and provider of energy system solutions. The company operates across 35 countries with a total installed wind capacity of 62 GW. It is currently deploying a prototype of the Haliade X offshore wind turbine, which will be the world’s largest at 12MW.
Joyce Lee has joined the Global Wind Energy Council (GWEC) as Policy and Operations Director, contributing to GWEC’s growing market intelligence team. Joyce is experienced in political risk analysis and strategic investigations in Europe, East Asia and Southeast Asia, and has managed a number of complex multi-jurisdictional investigations. She has completed numerous policy-focused stakeholder-mapping exercises, including for large international energy companies.
Despite the recognition that there is a solid pipeline of projects ready to start up a competitive renewable energy market, the Colombian authorities couldn’t award contracts in the first tender round to any of power projects that were entered. This was due to a technical issue that the bidding offers did not comply with the criteria of concentration and dominance established for the competitiveness index set for the auction.