Vietnam seeks to develop smart energy
8/31/19 12:00 PM
At the forum (Source: VNA)
A forum on smart energy and optimization of power structure in Vietnam with flexible solutions was held by the Finnish Embassy in Vietnam and Wartsila Group in Hanoi on August 29.
Addressing the event, Finnish Ambassador Kari Kahilouto said his country wants to partner with Vietnam in producing clean and smart energy.
The Vietnamese Government has implemented a very ambitious policy to develop renewable energy with its inherent potential, and in the future Vietnam will have more opportunities to develop its solar, wind, biomass and waste sources, he noted.
Jaakko Eskola, Chairman and General Director of Wartsila, said Vietnam has great potential for developing wind and solar power.
According Jaakko, production costs of solar and wind power and storage battery have now decreased significantly and it is forecast that these will continue to be down in the near future.
Vietnam has set to produce 2,000MW of wind power and 4,000MW of solar power by 2025, according to the Ministry of Industry and Trade (MoIT),
Nguyen Manh Cuong from the Energy Institute under the MoIT said by 2030-2035, renewable energy proportion can account for between 50-80 percent of Vietnam’s total energy productivity.
Participants said that Vietnam needs to have new policies on renewable energy development and those to attract more investment to the field.