GWEC and World Bank host intergovernmental delegation for the next chapter of offshore wind in emerging markets
GWEC, in partnership with the World Bank Group, held the first intergovernmental forum for emerging markets with strong offshore wind potential in London this week. The forum brought together governments, commercial developers, development partners and wind energy experts from developing countries in order to realise the offshore wind potential in emerging markets.
GWEC brings key stakeholders in Japan’s offshore wind market to the UK as part of Global Offshore Summit 2019
Working with the Japanese Wind Power Association, GWEC brought 45 delegates to the UK from Japan to meet with key companies in the UK’s offshore wind market and learn more about supply chain opportunities with key site visits. Learn more about the activities of this delegation here.
The Global Wind Energy Council (GWEC) has launched a Policy Pulse report on Argentina, which provides qualitative analysis of the political and macroeconomic headwinds steering the wind sector and the measures needed to unlock greater wind power potential.
Argentina is a promising market with some of the best wind resources in the world. Wind energy has enjoyed a strong three years, establishing itself as one of the country’s main energy sources despite macroeconom
The Global Wind Energy Council (GWEC) hosted its annual Vietnam Wind Power Conference on the 11-12 June in Hanoi for the second time running, gathering major international wind companies, energy authorities, financial institutions and regulators to discuss the potential for wind energy in Vietnam and the impact of renewables in the region. Vietnam Wind Power 2019 is the official industry event taking place in partnership with GIZ, the Danish Embassy Hanoi and the Embassy of Ireland.
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.
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