The Ministry of Industry and Trade has told provinces and cities to temporarily stop accepting proposals for new plants.

Power plants with a total capacity of nearly 80 gigawatts have been licensed to be built in the next decade, including 30 GW from wind and solar power plants.

Wind turbines in the central province of Ninh Thuan.

In the last two years Vietnam’s incentive feed-in tariffs have attracted a slew of investors, with the ministry receiving proposals for 50 GW of wind power alone since 2018.

It estimates that by 2025 there will be a total of 11.8 GW of wind power capacity.

The feed-in tariff for wind power is currently at 8.5 cents per kilowatt-hour for onshore projects and 9.8 cents for offshore. They apply for projects that begin to generate power no later than October 31, 2021.

As a project typically takes two or three years to go stream, the ministry said it would propose keeping the current feed-in tariffs through 2023 so that more projects could get them.

However state power distributor Vietnam Electricity (EVN) warned against it, saying an extension could cause the national grid to be overloaded.

There are 11 operational wind power plants with a total capacity of 429 MW, according to EVN.

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Vietnam, Denmark sign agreement to develop offshore wind energy

Danish investment firm Copenhagen Infrastructure Partners (CIP) and its partners have signed a memorandum of understanding with the central province of Binh Thuan to develop a wind energy project with a total capacity of 3.5GW off the coast of La Gan.

UK firm plans to operate mega wind power project by 2025

U.K. energy firm Enterprize Energy wants to begin operating its $12-billion offshore wind power project in central Vietnam by the end of 2025.

Two Vietnamese among top 25 Asian ‘Power Businesswomen’: Forbes

Top executives of seafood producer Vinh Hoan and electronics retailer FPT are included in Forbes’s 2020 listing of 25 most powerful businesswomen in Asia.

Solar power production triples

Vietnam’s Jan-Aug solar power production surged 2.94 times year-on-year to 6.39 billion kWh, with an increase in the number of plants.

Source: VnExpress