Eurocham Vietnam's GEFE featured various topical discussions and over 200 exhibitors. (Photo: GEFE)
The first part on Vietnam’s renewable energy development went over DPPA’s effect on new projects. The second part will delve into the details of the new mechanism and how companies should weight their green power procurement options.
This article will combine our research and exchanges with industrial experts at the Green Energy Forum and Exhibition (GEFE). The GEFE was an event held by Eurocham Vietnam from Oct 21 to 23, covering multiple topical discussions and inviting over 200 exhibitors. This article will cover what we know about Vietnam’s renewable energy development status and recommendations for investors.
Renewable energy development under PDP 8
The PDP 8 serves as the underlying framework of new renewable energy project development. GEFE commenced with a conference on the development of offshore wind in Vietnam. From the conference and talking to industrial experts, it is safe to say that the target to reach 6 GW of offshore wind is unlikely to happen.