Việt Nam is hoping to boost its renewable energy production, especially wind and solar energy, to more than 10.7 per cent of total generation by 2030, up from the previously planned 6 per cent.
It plans to increase the rate to at least 7 per cent by 2020, up from the previous target of 4.5 per cent.
The country now relies heavily on electricity from coal and hydropower.
Household solar systems have taken hold in Laos, but PV deployment on a grand-scale is being held back by a focus on hydropower, according to delegates at the Solar & Off-Grid Renewables Southeast Asia Event in Bangkok.
China has made a number of significant steps towards building a future of more sustainable energy.
President Xi Jinping has made good on his commitment to increase the supply of renewable energy at the climate change conference in Paris last year, a time when the toxic smog choking streets in Beijing and Shanghai was making global headlines. I wrote about this at the time in my column “China’s energy paradox”.
A shortage of policies on power tariffs for renewable energy, particularly solar electricity, has prevented the sector from attracting investors, said Prof Dang Dinh Thong from the Vietnam Clean Energies Association (VCEA).
Myanmar’s goal of achieving a 100 per cent electrification rate by 2030, with 20 per cent of energy from renewable sources, is achievable but several hurdles need to be tackled first, energy experts have said.
At the Myanmar Green Energy Summit 2016 last week, panellists agreed that hydroelectricity, plus wind and solar energy, were good choices given available resources.
IFC and Armstrong, with a combined stake of 36 percent, will take a 16 and 20 percent equity stake in GEC, respectively. For both it is their first investment in Vietnam’s power sector. The investment will help the company expand its hydropower portfolio and invest in other renewable energy segments, such as wind and solar power.
Based in the Central Highland province of Pleiku, GEC joined the Thanh Thanh Cong Group in 2013. With charter capital of 715 billion VND (34 million USD), GEC was one of the largest private sector hydropower players in Vietnam, with 84.4 MW of installed capacity across 15 run-of-the-river small-scale hydro power plants.
Low prices for coal and gas are likely to persist, but will fail to prevent a fundamental transformation of the world electricity system over coming decades towards renewable sources such as wind and solar, and towards balancing options such as batteries.
The latest long-term forecast from Bloomberg New Energy Finance, entitled New Energy Outlook 2016, charts a significantly lower track for global coal, gas and oil prices than did the equivalent projection a year ago. Crucially, however, it also shows a steeper decline for wind and solar costs.
Sitting in the courtyard of his home in Lopburi Province, 180 kilometers north of Bangkok, Saichol Thanomsak remembers what life was like for the nearly 600 people in Moo 3 Village before Asia’s largest thin-film photovoltaic solar energy project moved in nearby. Land was not fertile and jobs were scarce, forcing breadwinners to seek employment elsewhere. For those who remained, life could be grim.
“The armed forces use nearby fields for firing practice and villagers would collect artillery shells for scrap metal,” he says. “Sometimes they blew up and there were many injuries. Today, we don’t have to take such risks. Our village benefits greatly from the solar plant. It has allowed so many of us to stay home and make a decent living.”
Solar energy is a clean and available energy source. If this renewable energy source is used effectively, then the deforestation from hydropower construction will not happen anymore. Vietnam and Cambodia are two countries in South East Asia that have advantages in solar energy sources.
THAILAND AND countries in the Mekong region should be able to rely 100 per cent on renewable energy by 2050 and escape the severe impacts of climate change, a World Wildlife Fund (WWF) study revealed.
The WWF held a press conference in Bangkok yesterday to disclose its latest study on sustainable energy in Thailand and four countries in the Mekong region. The study showed that these countries can produce and use electricity from solar power, wind power, biogas and small run-of-the-river hydroelectricity.
