Renewable energy (RE) has been identified as an important thematic area under the VEPG. Production and use of renewable and clean energy forms such as solar, wind and biomass in replacement of energy sourced from fossil fuels like oil, coal or natural gas contribute to environmental protection via net reduction in greenhouse, carbon and other toxic emissions; these also improve long term energy security thanks to greater supply diversity and lessened dependence on the depleting primary sources of fossil fuels. Renewable energy development is hence a well suited theme for dialogue in the context of the Sustainable Development Goals and the Paris Agreement against which the VEPG objectives have been formulated
Studies have shown Viet Nam has an excellent potential for development of renewable energy sources but it is also suggested the RE sector remains underdeveloped, especially with regard to wind, solar and biomass power generation, and there is a long pathway ahead for translating the identified potential into a developed RE supply sector. According to the Revised National Power Development Plan No 7 (Revised PDP7, approved March 2016), Viet Nam aims to increase its renewable energy share in power production substantially. In particular, it shall increase the total capacity of wind power from 140 MW at present up to about 800 MW, 2,000 MW and 6,000 MW by 2020, 2025 and 2030 respectively. The solar power sector shall be quickly developed to increase its total capacity from the unremarkable level at present up to about 850 MW, 4,000 MW and 12,000 MW by 2020, 2025 and 2030 respectively. The electricity production from solar energy takes the proportion of about 0.5%, 1.6% and 3.3% by 2020, 2025 and 2030 respectively. The share of RE power generation by installed capacity is expected to increase to 9.9% by 2020 and then to 21% by 2030.
It is understood that significant efforts by the local stakeholders and greater support from international partners would be required for achievement of the RE targets set out in the Revised PDP7. Against this backdrop, activities envisaged for the Renewable Energy technical working group under the VEPG should aim at facilitating the conditions for investment into RE projects and use of RE sources, progressing toward the PDP targets.
Director of Division of New and Renewable Energy, Electricity and Renewable Energy Authority
Ministry of Industry and Traded
First Counsellor, Head of Development Cooperation
German Embassy in Viet Nam