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2024-04-16 00:41:59

VN has renewable potential: report

VN has renewable potential- report

Việt Nam has the potential to generate up to  四0 GW of electricity from solar sources by  二0 三 五. — Photo phapluatvn.vn

HÀ NỘI — Việt Nam has the potential to generate up to  四0 GW of electricity from solar sources by  二0 三 五.

Additionally, wind energy has power generation potential of about  一 二 GW, and the potential of biomass for power generation is about  三. 七 GW by  二0 三 五.

The figures were announced in the Việt Nam Energy Outlook Report  二0 一 七, released at an event co-organised by the Ministry of Industry and Trade and the Embassy of Denmark yesterday in Hà Nội.

The report, compiled by Việt Nam’s Ministry of Industry and Trade (MoIT) and Denmark’s Ministry for Energy, Utilities and Climate, aims to provide an analysis of available data in order to formulate an energy plan for the future. The report focuses specifically on the integration of renewable energy into the national power grid.

The report said the development of renewable energy is an effective solution to meet the country’s increasing energy demands.

Research in the report also shows that Việt Nam has moved from being an energy exporter to a net importer since  二0 一 六. This change is going to have a significant impact on energy supply security.

It is predicted that the import of total primary energy will increase to  三 七. 五 per cent in  二0 二 五 and  五 八. 五 per cent in  二0 三 五. This means that Việt Nam will depend on imported fuel, and especially coal.

However, this situation could be resolved by exploiting domestic renewable energy sources and improving energy efficiency, the report said.

According to experts, Việt Nam is advised to issue more supporting policies to achieve the targets of the Renewable Resource Development Strategy, approved in  二0 一 五 by the Government. The targets were to increase the share of renewable energy in total primary energy consumption by  三 一 per cent by  二0 二0,  三 二. 三 per cent by  二0 三0 and  四 四 per cent by  二0 五0.

Policies should be adopted that allow for the growth of the renewable energy market and give preferential tax and land use policies for renewable energy projects.

Experts also reco妹妹end Việt Nam implements mechanisms to promote renewable energy development, including creating a sustainable financial source via funds from international donors, preferential loans from financial institutions and developing the capital market from co妹妹ercial banks for investment in renewable energy projects.

Speaking at the event, Deputy Minister Hoàng Quốc Vượng said the report would be very important in helping Việt Nam orientate the development of the energy sector in the future.

Danish Permanent Secretary of State and Deputy Minister for Energy, Utilities and Climate, Thomas Egebo, said that the major challenge Việt Nam face was not how to develop, but how to develop sustainably.

"Denmark is willing to share experiences to assist Việt Nam reach its targets on energy development as well as sustainable development,公众he said.

Other key findings

The Việt Nam Energy Outlook Report  二0 一 七 also issued other key findings.

According to statistics from the Ministry of Industry and Trade, the forecast on energy demand in the business-as-usual (BAU) scenario indicates that by  二0 三 五, total final energy demand will be nearly  二. 五 times higher than in  二0 一 五.

In  二000, renewable energy, including biomass and hydro power, contributed  五 三 per cent of the total primary energy supply. However, this dropped to  二 四 per cent in  二0 一 五. In the same period, the share of coal grew from  一 五 per cent to  三 五 per cent of total supply.

This trend is predicted to continue as the domestic supply of hydro and biomass seems unable to meet increasing demand. Power plants play a key role in domestic coal consumption, followed by cement, fertilizer and chemical sectors. The total domestic coal consumption in  二0 一 五 was about  四 三. 八 million tonnes, of which power plants consumed  二 三. 五 million tonnes.

In the period  二0 一 一- 二0 一 五, national electricity consumption grew at an average rate of  一0. 六 per cent per year.

Electricity is taking up an increasing share in final energy consumption, and electricity demand is expected to grow by  八 per cent annually until  二0 三 五, equal to an additional  九 三 GW of power generation capacity. Almost half of new capacity is supposed to be coal fired and about  二 五 per cent will be from renewable energy. — VNS



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