PSNews – Denmark, a leading nation in the world in terms of wind power development, is committed to supporting Vietnam to find concrete solutions to wind power production and business as well as orientations for the building and management of wind power plants.
International investors, including those from Denmark, are really keen on exploring Vietnam’s market with untapped huge potentials for wind power development, said Bo Monsted, Commercial Counsellor at the Danish Embassy in Vietnam.
Vietnam is not expected to meet its target of generating 800 MW of wind power by 2020 as a proposal to increase the regulated selling price of wind power has been postponed.
Vietnam has great potential for developing wind power but big initial investment, technical complexity and a lack of quality technicians are deterring the development of the sector.
The country plans to have 800 megawatts of wind power by 2020, but pricing remains an issue.
Vietnam may need to invest about VND859 trillion ($38 billion) in electricity generation, transmission and distribution infrastructure between now and 2020 to meet domestic demand, the government said in a new report.
The project “Support to the Up-Scaling of Wind Power in Vietnam funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) was reviewed in a seminar in Hanoi on May 8.