Uncertain path for Vietnam’s wind power sector
The country needs transparent and credible pricing mechanisms if generating targets are going to be met Although Vietnam has great potential for renewable energy, and the government has put forward many plans advocating it, actual policies to secure investment and develop the sector have been slow to evolve. “Development [of renewables] has not grown strongly because power prices are too low to accommodate it,” says Le Tuan Phong, the Vice Director of Energy Department, Ministry of Industry and Trade: “Renewable energy investment actually shows a documented decline.” Wind power in particular struggles to gain a foothold. According to MOIT, there are about 50 registered wind projects, yet only 10% have been implemented, and only 4 plants are operational. Three of these are in Binh Thuan: Tuy Phong-30MW; Phu Quy-6MW and Phu Lac-20MW. The largest is in Bac Lieu with a capacity of 99MW.
