Wind energy prices in Vietnam still higher than in other countries

During his work trip to the southern province of Bac Lieu, Prime Minister Phạm Minh Chinh said Bac Lieu is among the localities with great potential to develop renewable energy.

In the past few years, the country has issued mechanisms to encourage the development of wind energy, however, the prices of wind energy in Vietnam are higher than in the world and than energy generated from other sources. He also noted that many investors are also interested in investing in wind energy in Vietnam.

PM Chinh visits a wind energy project in Hoa Binh District of Bac Lieu Province — VNA/VNS Photo

The PM stressed that it is important to review wind energy investment in Vietnam, especially the price factor, to ensure the harmony of interests between investors, the State and people.

He also requested the acceleration of the transfer of technology as well as training of human resources and the development of the renewable energy industry, including the manufacturing of such products as engines, turbines, and wind turbine blades to reduce imports and reduce the prices of electricity. Investors and the locality must also consider the circular economy model, developing wind energy along with hydrogen production, agriculture, and aquaculture farming.

During his trip, the PM also worked with key leaders of the province to discuss the socio-economic development in 2022 and the goals for the next year. He also inspected key infrastructures of Bac Lieu including the Can Tho-Ca Mau highway section that crosses the province.

He said this highway project is an important one that people are anticipating, so it must be done promptly.

He ordered relevant stakeholders to ensure the highway would be as short and convenient as possible as well as to speed up the progress of the project and avoid corruption and wrongdoings.

Can Thơ-Ca Mau highway is about 110km long, crossing five localities in the Mekong Delta region namely Can Tho City, and Hau Giang, Bạc Lieu, Kien Giang and Ca Mau provinces. It has a total investment of about VND27.5 trillion (US$1.16 billion). The project affects about 3,800 households in terms of land clearance.