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Renewable energy conference set for HCMC
  • | VET | August 20, 2018 06:02 AM
An international conference on the challenges facing renewable energy in Vietnam will be held at Sofitel Saigon Plaza in Ho Chi Minh City on August 23.

Photo: StocxPlus

Entitled “Vietnam Renewable Energy: Challenges and Practical Solutions”, the conference will be organized by StoxPlus in collaboration with EuroCham and is expected to attract around 100 representatives from local financial institutions and FDI companies operating in Vietnam.

It aims to act as a platform for dialogue among renewable energy developers, banking executives, engineering, procurement and construction contractors, institutional investors, and lawyers, who will share not only market insights and lessons learned from previous projects but also key issues and risks in terms of project development, financing, M&As, and equity investments.

In April 2017, Prime Minister Nguyen Xuan Phuc issued a decision on encouraging the development of solar power projects in Vietnam, and five months later the Ministry of Industry and Trade issued a circular on Solar Power Project Development and Standardized Power Purchase Agreements for Solar Power Projects.

Local and foreign investors have an interest in renewable energy in Vietnam, which is expected to grow by 23.2 per cent annually from 2020-2030.

Though projects with up to 24 GW of renewable energy capacity have been registered, only 19 per cent have made it to the construction stage and 8 per cent are in operation. Most projects, meanwhile, are still in the preparation stage.

Various issues relating to licensing, the approval process, and the structure of a joint agreement and financing options have been raised, but there has not been any dialogue or forums to address those issues.

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