The workshop was attended and delivered by Deputy Minister of Industry and Trade Nguyen Hoang Long, representatives of the Electricity and Renewable Energy Authority, renewable energy experts from the UK’s ORE Catapult, and invited guests from companies and organizations operating in the energy sector in Vietnam. The workshop aimed to share the orientation of renewable energy development in Vietnam, the UK’s experience in project development, supply chain implementation and policy development for renewable energy sectors in Vietnam such as offshore wind power, hydrogen, energy storage, smart grids, etc.
In his opening speech at the workshop, Deputy Minister Nguyen Hoang Long provided some information on Vietnam's renewable energy development orientation: Vietnam is a country with abundant potential for renewable energy development, especially solar power and wind power, including onshore and offshore wind. According to calculations in the Power Plan VIII, Vietnam's solar power potential is about 963,000 MW, of which: ground is about 837,400 MW, water surface is about 77,400 MW and rooftop is about 48,200 MW, the total technical potential of onshore wind power is about 221,000 MW, offshore wind power is about 600,000 MW.
In the recent period, Vietnam has witnessed a remarkable development of renewable energy sources. Up to now, the installed capacity of renewable energy sources is 22,370 MW, accounting for 27.1% of the total installed capacity of the power system of 82,617 MW, of which: wind power is 5,345 MW (onshore wind power), accounting for 6.47%, solar power is 16,630 MW, accounting for 20.13%, biomass power is 395 MW, accounting for 0.48% of the power system. Electricity output from renewable energy reached 43.96 billion kWh, accounting for 20.52% of the total electricity output of the system.
On December 14, 2022, Vietnam became a participant in the Just Energy Transition Partnership (JETP) with leading developed countries and financial institutions to mobilize US$15.5 billion in public and private finance over the next 3 to 5 years to support Vietnam’s green transition. The Partners will support Vietnam in achieving its goal of net zero emissions by 2050, accelerating the peaking of greenhouse gas emissions and transitioning from fossil fuels to clean energy.
To ensure effective implementation of JETP, the Ministry of Industry and Trade has been assigned to act as the Standing Body of the JETP Secretariat and chair the Technology and Energy Group implementing JETP. Over the past time, the Ministry of Industry and Trade has worked with relevant Parties to establish 09 Sub-Working Groups within the Technology and Energy Group including: Offshore Wind Power, Renewable Energy Service Industry Center, Energy Storage System, Smart Grid, Conversion of Coal-fired Power Plants, Training, Capacity Building, Hydrogen, Energy Efficiency and Integration.
In his speech, Deputy Minister Nguyen Hoang Long expressed the readiness of the Ministry of Industry and Trade to cooperate with relevant ministries, sectors, and partners of the UK, as well as with the UK Embassy in Vietnam, to promote projects within the framework of JETP, especially offshore wind power projects in which the UK has strengths.
Following that, representatives of ORE Catapult, British Chamber of Commerce in Vietnam, and BP UK took turns sharing detailed implementation steps for renewable energy and offshore wind projects, along with the current situation and detailed implementation experiences from the UK. The workshop lasted all day, providing useful detailed information on investment and necessary techniques for energy projects in Vietnam. The workshop provided useful input information to help investors, both Vietnamese and foreign enterprises, grasp, study, and apply to plans for implementing renewable energy projects in Vietnam.
Source: https://moit.gov.vn/tin-tuc/phat-trien-nang-luong/thu-truong-nguyen-hoang-long-tham-du-va-phat-bieu-tai-hoi-thao-chia-se-kinh-nghiem-cua-vuong-quoc-anh-ve-phat-trien-va-c.html
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