“Sustainable Scenario for the Vietnamese power sector until 2050”, a report by WWF-Vietnam and Vietnam Sustainable Energy Alliance (VSEA) says that 100 percent of Vietnam’s power could be generated by renewable energy technologies by 2050.
This would significantly reduce carbon dioxide emissions linked to climate change.
Dr Du Van Toan from the Marine and island Research Institute cited a report of IRENA (International Renewable Energy Agency) in 2017 as saying that the wind power capacity around the world has increased rapidly from nearly zero in 1980 to 60 GW in 2005 and to 500 GW in 2016, or 20 GW a year.
Regarding the wind power production cost, analysts say renewable energy is now the cheapest power source available.
Lazard, the investment company of Bloomberg, in its February 2017 report said wind power cost has dropped by 66 percent since 2009 from $140 per MWh to $47.
Meanwhile, the minimum cost of coal-fired and gas-fired electricity is $63 per MWh on average. The investment in wind power globally has exceeded $100 billion a year.Vietnamnet