Workshop spotlights renewable energy investment in Vietnam

15:30 | 13/12/2017 Industry

A workshop was held in Ho Chi Minh City on December 5, focusing on investment in renewable energy in line with Vietnam’s policy of developing alternative energy sources to ensure energy security and protect the environment.

The Bac Lieu wind power plant - Photo: VNA

In his remarks, Bo Monsted, Commercial Counsellor at the Danish Embassy in Vietnam said international investors, including those from Denmark, are very interested in Vietnam’s market with untapped huge potentials for wind power development, noting that with its experience and expertise, Denmark desires to share new technologies with Vietnam.

Pham Trong Thuc, a representative of the Vietnamese Ministry of Industry and Trade described the event as an opportunity to introduce the country’s wind power potentials and incentives for investors in the field.

The Government of Vietnam has adopted numerous incentives to encourage capable international businesses to invest in wind power and transfer their technologies to local producers, he said.

Vietnam’s wind power potentials have not been fully exploited, particularly in the central region. There are only four operational projects with a combined capacity of more than 159 MW.

Nguyen Viet Dung, Director of the Vestas Vietnam Company held that the low price of wind power in Vietnam is not the major concern for investors, noting that with high wind reserves, wind power projects in Vietnam are really of investors' great interest.

However, investors need to ensure the operational efficiency of their projects by using cutting-edge technologies to protect the environment, he added.

Theo VOV