Vietnam Wind Power 2019 – Government and Industry Gather to Discuss Wind Development in Vietnam
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 is the official industry event taking place in partnership with GIZ, the Danish Embassy Hanoi and the Embassy of Ireland.
With over 400 delegates attending the two days of roundtables, workshops, meetings, and conference, this event showed that Vietnam is ready to become a leader of wind energy in the region.
The first event on 11 June was a full-day Finance Workshop focused on addressing the burning issues facing the financing of wind projects and is specifically targeted at international and local finance institutions, development banks and government officials. The workshop was well attended with over 250 conference delegates, with speakers from international and domestic banks, international development institutions and financial advisories. These discussions were focused on some of the crucial topics in the country such as the bankability of PPAs, mitigation strategies of project investment risks, as well as on new sources of finance for wind projects in the region. In the afternoon, USAID supported a Training Workshop for Cash Flow Analysis, Risk Assessment and Financial Modeling for Wind Power Projects, providing the opportunity to put the learnings from the morning sessions into action to develop project financing models that will work in the Vietnamese context.
Running in parallel to this workshop was a high-level Offshore Roundtable. The offshore roundtable is the first attempt by the wind industry to have a close door stakeholder consultation with the government and gathered representatives from the MOIT, EVN, Ministry of Natural Resources and Environment, as well as DOIT representatives from 7 provinces that have offshore potential. The discussion were centered around current challenges for offshore development in Vietnam, policy needs particular to the offshore sector, as well as the future aspirations from both the industry and the government. GWEC is developing a white paper on offshore sector in Vietnam as a result of this roundtable, which will be released in the near future after further input from relevant stakeholders.
The full-day conference on 12 June featured a range of plenary and parallel sessions including regulatory, market, policy, technology updates, offshore as well as other pressing issues relating to the development of a sustainable wind and renewables industry. We were delighted to have Mr. Do Duc Quan, Deputy General Director of Electricity and Renewable Energy Agency (EREA), MOIT to share the government’s future plan on renewables development in Vietnam as well as Mr Nguyen Huu, Director of Power System Department, Electricity Regulatory Authority of Vietnam (ERAV) to share the grid planning and the DPPA plan.
Overall, Vietnam Wind Power 2019 was a huge success and highlighted the ambition of both the industry and government to tap into the huge wind energy potential that Vietnam has to offer. Don’t forget to mark your calendars for Vietnam Wind Power 2020 and join us again next year from 10-11 June 2020 in Hanoi for the next edition of this official industry event!