Since introducing economic liberalization reforms in the 1980s, Vietnam has steadily been reconstructing its fledgling economy. However, climate change threatens to undermine decades of economic progress by seriously threatening water, food, and energy security, and thus, Vietnam’s newfound strength.
John Kerry came to Hanoi to attend an international conference on green energy and sustainable economic growth for Vietnam, acting as a senior energy expert working with Vietnam’s government on an alternative to its coal plan. The aim is an alternative that could provide the same amount of electricity, but use hydroelectric dams and solar panels instead of fossil fuels.
Chief Editor of Bloomberg New Energy Finance Angus McCrone and his team lay out their top clean energy 10 predictions for the coming year. They estimate that, similar to 2017, global clean energy investment in 2018 will be around US$333 billion, based on the fact that due to the “remorseless” reductions in project capital costs, particularly for solar, you will get more gigawatts for your money this year.
The plan to open up Thailand's power generation market comes months after the government raised eyebrows at under-performance and rampant price hikes by the Electricity Generating Authority of Thailand. Policymakers have made a commitment to end EGAT's two-decade quota regime, saying that opening up the market would result in a more competitive and efficient process.
When policymakers look into the future of solar photovoltaic development in Asia, the role of feed-in tariffs is slowly but surely becoming fuzzy as tender and auction schemes provide an attractive alternative. Globally, unsubsidized grid parity has arrived or is fast approaching in many of these markets, which calls the long-term sustainability of FIT into question.
Generating electricity from renewable energy sources is not only better for the environment compared to fossil fuels, but it will also be consistently cheaper in just a few years, according to a new report from IRENA.
Rooftop solar in Thailand faces several challenges that have left the industry largely untapped, according to a recent report from IRENA. According to the report, more economic incentives would help grow the rooftop solar sector in Thailand.
Several provincial authorities in Vietnam are developing guidelines for renewables that should improve the country’s solar market, but stubbornness from the monopoly utility EVN means that the largest-scale projects remain the preserve of big risk-takers.