Vietnam has only weeks left to get its wind market back on track
Previously praised for its attractiveness and gusty growth, Vietnam’s wind market now faces a pivotal moment.
Should the Vietnamese government fail to send a clear signal of continued support for the industry in the coming weeks, investors could pull out and the country could miss its target of two gigawatts (GW) of wind capacity by 2025 and 6 GW by 2030, experts said.
Vietnam could lose its frontrunner status in Southeast Asia for clean energy deployment and risk further power outages and worse air pollution, amid rising energy demand and more coal burning.
The big question mark looming over Vietnam’s wind industry, is whether the country’s feed-in tariff scheme will continue beyond November 2021.
Tim Ha
