Vietnamese Renewable Energy MarketsWind energy
In cooperation with Innovation Norway and Norwegian Embassy Vietnam, Norwegian Energy Partners invites you to join a webinar to learn more about the Vietnamese renewable energy markets.
Vietnam - one of the fastest growing nations in Asia with more than 6% annual economic growth for the past 25 years has successfully increased its electrification rate from 54% to 98% since 1990; connecting some 55m people. Power demand is growing further and is forecasted to hit 230TWH in 2020, 350TWH in 2025 and 515TWH in 2030.
According to the revised Power Development Plan (PDP 7), Vietnam requires total investment of $143.5 billion to meet its double-digital energy demand growth. The Vietnam government is inviting foreign technical expertise and investment to participate in its energy projects. It is estimated that Vietnam requires investment of 15billion per year, which 75% is earmarked for generation and 25% for development of the transmission and distribution network. A strong emphasis on wind and solar opens up for international developers and suppliers to the industry.
In the webinar, we will discuss the latest policies, opportunities and challenges in the Vietnamese renewable energy markets.
More information will follow.