News

October 4, 2019
ADB finances Vietnam’s first large-scale floating solar plant

Vietnamese firm Da Nhim–Ham Thuan–Da Mi (DHD), a subsidiary of national utility EVN, has bagged a US$37 million loan from the Asian Development Bank (ADB) for a 47.5 MW floating solar project that is claimed to be the first and largest such project in the Southeast Asian nation. The project will be built on a man-made reservoir in Southern Vietnam where DHD operates its existing 175 MW Da Mi hydropower plant, co-locating the two energy technologies in a manner that is expected to be replicated elsewhere in Vietnam and across the Asia Pacific region.

October 4, 2019
Power Development Master Plan 8 focuses on renewable energy

Nguyễn Mạnh Cường, an official from the Institute of Energy’s Department of Electrical System Development under the Ministry of Industry and Trade, spoke with Vietnam News Agency about the implementation of the national power development master plan in 2021-2030 (or Power Development Master Plan 8). The Government has approved the scheme for power development master plan 8, which was submitted by the ministry. The ministry is still awaiting the official decision signed by the Government.

October 4, 2019
Power Ledger brings blockchain energy model to region

Australian energy tech startup Power Ledger is keen to expand business in Southeast Asia, as the region is expected to become the fourth-largest energy consumer in the world by 2030...Maria Atkinson, an adviser to Power Ledger, outlined the company's business presence worldwide, with projects in Thailand, Japan, Europe, Australia and the US. Power Ledger runs blockchain-backed peer-to-peer energy trading that can support uptake of renewable energy in the future.

October 4, 2019
Renewables to Provide Half of the World’s Electricity By 2050

Renewable energy sources including hydropower are set to account for 49 percent of the world’s electricity generation by 2050, up from 28 percent in 2018, the U.S. Energy Information Administration (EIA) said on Wednesday. Last year, as much as 96 percent of the 28-percent share of renewables in global electricity generation came from hydropower, wind, and solar energy, the EIA says in its International Energy Outlook 2019 (IEO2019).

September 25, 2019
Renewables Can Lead the World’s Response to Climate Change

The International Renewable Energy Agency (IRENA) will deliver a clear message to policy makers, civil society leaders and business decision makers in New York during the 74th Session of the UN Assembly and the Climate Action Summit next week. The Agency will reinforce the fact that limiting climate change within the 11-year time frame specified by the Intergovernmental Panel on Climate Change (IPCC) is possible, but global energy investments must pivot away from fossil fuels and into low-carbon technologies such as renewables.

September 25, 2019
Green finance for renewable energy

Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support. The statement was made by Simon James, Climate Change and Energy Adviser at World Wildlife Fund (WWF) in Việt Nam, at a conference held in Hà Nội on Wednesday. The workshop aimed at updating the situation of renewable energy development, opportunities and difficulties when investing in renewable energy and green financial initiatives. According to the WWF’s energy outlook, a transition to 100 per cent renewable energy by 2050 is possible.

September 25, 2019
Renewable race

Carbon dioxide (CO2) emissions from energy production, a key contributor to global warming, are still rising despite many efforts to promote greener habits. But with the world population forecast to exceed 9 billion by 2040, up from 7.7 billion today, energy demand growth of more than 25% is expected, according to World Energy Outlook 2018 by the International Energy Agency (IEA). That will require over US$2 trillion a year of investment in new energy supply.

September 25, 2019
Global Renewable Energy Market Set For Rapid Growth and Trend By 2024

Zion Market Research published a new 110+ pages industry research “Renewable Energy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in its database. The latest research report covers a comprehensive analysis of the global Renewable Energy Market including the development rate of the market during the predicted period. The report represents a brief layout of the market along with the volume and assessment of the global Renewable Energy Market in the future period.

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