According to Mr. Thomas Rooney, Senior Manager, Industrial Services Department, Savills Hanoi : "Although some modern industrial parks and export processing zones are equipped with backup power systems, the stability of the system is also a difficult problem to solve."
Mr. Thomas Rooney, Senior Manager, Industrial Services, Savills Hanoi
The reason, as pointed out by the expert, is that the operating capacity of machinery at manufacturing plants is very large, making it difficult to ensure continuity for the entire system in a state of long-term power outages. Therefore, tenants and investors are diversifying production locations with other options that have more attractive incentives when the frequency of rotating power outages continuously appears throughout June.
“This may prompt tenants and investors to consider the new wave of attractive locations in Group 2 provinces such as Vinh Phuc, Ha Nam , Thai Binh and Nam Dinh for their investment and relocation strategies,” said Mr. Thomas.
Faced with the challenges of power supply disruptions, manufacturing enterprises and industrial park investors need both short-term and long-term solutions. In the short term, raising backup capacity to a higher standard is necessary to ensure seamless production processes.
Mr. Thomas Rooney said that investing in large-capacity backup power systems and adopting more efficient energy storage solutions can help mitigate the impact of power cuts and ensure uninterrupted operations. These measures provide temporary relief and ensure operations continue seamlessly during power outages.
In the long term, developing renewable energy, including solar and wind power, as well as upgrading the transmission system are among the strategies recommended by experts to simultaneously make the most of Vietnam's potential and limit difficulties in electricity supply during the dry season.
"With geographical and resource advantages, Vietnam has great potential for developing renewable energy such as solar power, offshore wind power and onshore wind power," said Mr. Thomas Rooney.
In a report in April 2023, Vietnam Electricity (EVN) said that renewable energy reached 13.31 billion kWWh, accounting for 15.6% of the total electricity production of the entire system. Notably, the Power Plan VIII prioritizes the strong development of renewable energy sources, reaching a rate of about 30.9 - 39.2% by 2030. The goal is to achieve a renewable energy rate of 47% according to the commitment on a just energy transition with Vietnam (JETP). By 2050, the renewable energy rate is expected to reach 67.5 - 71.5%.
According to Mr. Thomas Rooney, it can be seen that energy is a long-term and sustainable solution to solve the problems of power shortages affecting business production activities during the dry season. At the same time, it is also a solution to accompany businesses towards ESG commitments, contributing to the energy transition orientation and the Government 's Net-Zero commitment.
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