Reporting on the IHS Markit’s Renewable Additions Index, the site energyvoice.com said the renewable power development pipeline has soared across the region.

Sao Mai solar power plant in An Giang province.

According to the index, Australia leads the index with 89% of capacity under construction being either wind, solar or biomass power, followed by Japan. The third place in the region is taken by Vietnam, which leads emerging markets, as the country promoted feed-in tariffs to attract investment in solar and wind power.

The index showed that around a third of the power projects being built - or about 80 gigawatts - are set to generate wind, solar, hydro and other types of renewable power across 16 key regional markets.

“Our ranking shows that income level is not the sole determinant in a country’s willingness to pursue clean energy. Renewable energy is no longer a rich nation luxury as its cost continues to decline,” said Xizhou Zhou, vice president global power and renewables at IHS Markit as quoted by the site.

Politburo, Secretariat of Party Central Committee hold first session

The Politburo and Secretariat of the 13th-tenure Party Central Committee held their first session in Hanoi on February 18 to discuss key tasks for the first quarter and the policy for purchasing and using Covid-19 vaccines.

Border province seeks high-speed railway

Lang Son has proposed a high-speed railway between the northern border province and Hanoi that would boost cargo transportation to and from China.

Source: Nhan Dan Online