News

The Philippine government is moving to finalize the framework for its first offshore wind auction, as it seeks to keep projects on track and reduce execution risks.

The long-awaited draft of Taiwan’s phase 3-3 offshore wind zonal development introduces major shifts from phases 3-1 and 3-2—relaxing localization rules and ending zero-dollar bidding.

South Korea’s LS Group announced on Dec. 17 that it will invest in Vietnam’s rare earth sector, committing KRW 25.8 billion (USD 17.6 million) to expand related facilities at its plant in Ho Chi Minh City.

RECCESSARY interviewed Hsiao I-chun (蕭義俊), Google’s senior lead for energy and infrastructure in Asia-Pacific, to discuss green power development in data centers and the challenges facing major tech companies.

Gia Lai Province in central Vietnam has awarded its latest onshore wind power project to Singapore-headquartered renewable energy developer Nexif Ratch Energy.

China’s electricity supplies are generally stable today, but extreme weather and renewables integration are growing challenges.

After more than a decade of negotiations, Laos’ first and ASEAN’s largest onshore wind project, the Monsoon Wind Power Project, has officially started transmitting electricity to Vietnam as of July.

The Vietnamese government is accelerating the deployment of offshore wind. The Global Wind Energy Council (GWEC) sees Vietnam as one of the most promising emerging offshore wind markets in Asia, following regulatory and policy reforms.

Vietnam's Ministry of Industry and Trade (MOIT) has unveiled a pricing framework for offshore wind power, setting regional ceiling tariffs ranging from VND 3,078.9 to VND 3,975.1 per kWh (approx. USD 0.12–0.15).

Vietnam’s offshore wind potential remains largely untapped, and the sector is progressing at a relatively slow pace. Nevertheless, multinational companies from the U.S., Europe, and China continue to express strong confidence in its long-term prospects.