Vietnam intends to increase 18 GW of solar and wind power against power shortage


According to the figure released by the Ministry of Industry and Trade yesterday, there will be varying degrees of power shortages from 2019 to 2025. The most serious shortage will be concentrated in the dry season from 2020 to 2023, with production shortages ranging from 1.5 billion kWh to 5 billion kWh.

To address the challenge, Vietnam is going to change its power supply from the following respects: Firstly, replace the fuel oil with LNG in some firepower plants. Secondly, sign a power purchase contract with Laos for power importing. Thirdly, develop another 6GW of solar power and 12GW of wind power which is not in the original power development plan.

Tremendous demand for electricity flourishes the Vietnam renewable energy market, which also catches the eyes of investors. Renewable energy has become the most attractive sphere after financing, technology, and education in 2019, according to the report from Financial Times. Most excitingly, to commissioned its electricity target for 2030, from now on, Vietnam needs around 10 billion USD a year. In that case, Many companies such as B.Grimm, Sunseap Group, Vina Capital, Macquarie, Trina and etc, are looking to have their own entries in this land.

For investors, EPC, developers, energy consultancies, manufacturers and anyone enthusiastic in developing their business in Vietnam renewable market, Vietnam Solar+Wind Congress 2019 will provide you the best chance in all-round.

Wish to Study the Market?

Solar+Wind Vietnam will provide you the authorities from Vietnam renewable energy, including MOIT, EVN, and ERAV. To know the strategies of most representative companies in Vietnam, Solar+Wind Vietnam brings you Macquarie, Vina Capital, Sunseap, B.Grimm, TTC, UPC, SolarBK, Armstrong Asset Management, etc.

Looking for some good products?

Risen solar technology, Growatt, Solis Inverters, RENAC would like to show you the latest technology and gears.

Look for Business Opportunities?

Around 300 attendees vary from Investing, banking, consulting, financing, EPC, etc. You can always find your target clients.

Looking for Promotion Opportunities?

Booth, Panel Session, Delegate Bag, Lanyard…

For more information, please contact Vietnam Trade Office in Singapore at [email protected]