Route to Market for Offshore Wind Development in Vietnam Lộ trình hiện thực hóa Điện gió ngoài khơi tại Việt Nam Download the Position Paper Vietnam can deliver the PDP 8 offshore wind target, but only with the rapid resolution of these key items: A process for surveying, permitting and licensing which outlines how developers …
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The COVID-19 situation in Vietnam has created many hardships. This extends to supply chain bottlenecks for wind project components, workers prevented from reaching project sites for crucial inspections and activities, travel restrictions for foreign personnel, and other issues. As of August 2021, an industry survey conducted by GWEC estimates that 4,000MW of mainly onshore wind projects in Vietnam are severely challenged by these extenuating circumstances, and are now at risk of missing the November deadline for the wind Feed-in Tariff (“FiT”).
Vietnam’s Future Transition to Offshore Wind Auctions: International Best Practices and Lessons Learned Download the Report Tải báo cáo bằng tiếng Việt Key Highlights With a whopping 475 GW of offshore wind, Vietnam is poised to be South East Asia’s offshore wind leader over the next decade, but clear regulatory frameworks and support schemes must …
The Global Wind Energy Council (GWEC) welcomes the recent decision by the Vietnamese government to approve an extension of the Feed-in Tariff (FIT) scheme for wind power in the country. However, the proposed dramatic reduction to the FIT risks seriously damaging the growth of Vietnam’s promising wind power sector, slowing down investment and the creation of new jobs and making it harder for Vietnam to meet growing energy demand.
Among other technologically mature renewable energy technologies, offshore wind offers Vietnam a scalable, indigenous, clean and affordable source of electricity. There is an urgent need to differentiate intertidal projects from true offshore, as the two technologies are very different from each other, from the turbines employed and the foundation design, to the scale of the electricity output, cost profile and risks involved in the development of the projects. This paper is focused on various challenges and regulatory needs of the true offshore wind sector in Vietnam.
