Vietnam ups wind, photo voltaic targets as power demand soars
by AFP Employees Writers
Hanoi (AFP) April 17, 2025
Vietnam has dramatically elevated its wind and photo voltaic targets because it appears to be like to up its power manufacturing by 2030 to satisfy hovering demand, based on a revised model of its nationwide energy plan.
The Southeast Asian nation has dedicated to reaching net-zero carbon emissions by 2050 and the most recent version of its Energy Growth Plan 8 (PDP8), as it’s recognized, maps out the way it will attain these targets.
The manufacturing powerhouse has been closely reliant on coal to satisfy its quickly increasing power wants. However now it needs to “strongly develop renewable power sources”, based on the plan, which was printed Wednesday on the federal government’s information portal.
With targets set at 73 gigawatts (GW) for photo voltaic and 38 GW for onshore wind power by 2030 — and a big improve to 296 GW and 230 GW by 2050 — the plan appears to be like “actually formidable”, mentioned Andri Prasetiyo, senior researcher at Senik Centre Asia.
The 2023 model of the PDP8 aimed for 12.8 GW for photo voltaic and 21 GW for wind by the tip of the last decade.
“I feel this sends a transparent message, Vietnam is positioning itself to take care of management in Southeast Asia’s clear power transition, (even) taking a extra distinguished function within the area,” he informed AFP.
Solar energy grew quickly in Vietnam till 2020 however its success hit a roadblock as a result of infrastructure limitations.
Prasetiyo mentioned Vietnam’s new targets have been “more and more possible”, though they far outstrip market projections of what the nation can obtain.
– Coal, nuclear –
The most recent model of the PDP8, which was permitted this week, additionally re-emphasises the nation’s 2023 pledge to finish using coal by 2050.
Coal will symbolize almost 17 p.c of its power combine by the tip of the last decade, down from a goal of 20 p.c set in 2023.
In the meantime, photo voltaic will account for 31 p.c of the nation’s power by 2030, whereas onshore wind will probably be 16 p.c.
Greater than $136 billion will probably be wanted if Vietnam is to get there, the doc mentioned.
Below the brand new plan, the nation additionally goals to open its first nuclear energy plant by 2035 on the newest.
It comes after Vietnam and Russia signed an settlement on nuclear power in January, with Hanoi saying Russian nuclear big Rosatom was “very ” in cooperating on a mission in central Ninh Thuan province.
Total, as Vietnam targets an formidable 10 p.c financial development fee by the tip of the last decade, it needs to lift its complete put in capability to a most of 236 GW by that date.
That is up by greater than 80 GW from the determine outlined in 2023.
Hanoi can be desirous to keep away from a repeat of the rolling blackouts and sudden energy outages in summer season 2023 that led to losses amongst producers. In addition they prompted large disruption for residents, as intensely sizzling climate and unprecedented drought strained power provides in northern Vietnam.
Associated Hyperlinks
Trending Merchandise
