VietNamNet Bridge - Renewable energy, especially wind power, is believed to be the solution to Vietnam’s increasingly high demand for power.

VietNamNet Bridge - The target of developing 800 MW wind power by 2020 may be unattainable as the plan to adjust the wind power purchasing price has been delayed.

Favorable natural conditions and the government’s determination to allow Mekong Delta to develop environmentally friendly energy have both contributed to investment opportunities. 

 Ho Chi Minh City-based Terra Wood is planning to develop two renewable energy plants in the central province of Quang Ngai to tap into the local wind and solar resources.

VietNamNet Bridge - Wind-power projects, which require high investment capital, remain unpopular as EVN pays a low rate for electrical power. 

 VietNamNet Bridge – Wind power is a potential source of renewable energy in Vietnam, but few projects have succeeded in tapping into it. Chris Beaufait, President of Vestas Asia Pacific & China, recalls that he was amazed

 VietNamNet Bridge – Vietnamese investors say they can only make a profit if windpower is bought at more than 17 US cents per kwh by 2015. But foreign investors have not shown interest in such purchases.

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 The world's leading wind energy company Vestas Wind Systems from Denmark yesterday said that it saw huge potential for windpower development in Viet Nam and promised to help the country make wind a sustainable energy solution.

 VietNamNet Bridge – The Government has approved a zoning plan worth 3.7 million euros (US$4.8 million) for wind power development in Vietnam, with 3.6 million euros of the amount to be granted by the German government.

 VietNamNet Bridge – According to the Central Hydro-meteorological Forecasting Centre, a tropical depression in the East Sea has strengthened becoming the first storm of the year.

 VietNamNet Bridge – Only three out of the total 48 registered wind power projects have become operational so far. There has been not the slightest commotion about the others.

 VietNamNet Bridge – The government has been warned that it would fail to implement the wind power development strategy if it does not raise the buy price to UScent12-13.5 per kwh.

 VietNamNet Bridge – The $700 million Phuoc Huu wind power project in the central province of Ninh Thuan will be revoked after four years of delay.

 VietNamNet Bridge – Vietnam keeps a big worry about the impacts of the wind power on the environment, especially when the areas most potential for wind power development are the habitat of the precious salanganes.

 VietNamNet Bridge – The low selling prices that the government set for wind power cannot encourage the investment in the renewable power sector.

VietNamNet Bridge – Vietnam Electricity Group will purchase electricity from biomass power projects at the price of VND1,170 per kWh or 5.6 U.S. cents exclusive of VAT and is adjusted based on foreign exchange rate.

The electricity outage occurring in all the southern provinces some days ago and the electricity cuts in the first month of summer has made businesses worried stiff.

The Bac Lieu wind power project has succeeded. However, this does not mean that the problems have all been settled. And they would still be the hindrance to the other wind power projects in the future.

Experts all have agreed that it’s necessary to offer big investment incentives to encourage investors to pour money into wind power projects, but they still have not agreed on how big the preferences should be.