Mark George, climate counselor at the British Embassy in Hanoi, said the plan was finalized on Thursday last week after months of coordination with Vietnamese ministries, news agency AP reported.
The United Kingdom and eight other industrialized nations agreed to provide $15.5 billion to help Vietnam end its reliance on coal power and more quickly switch to renewable energy as a part of a Just Energy Transition Partnership (JETP).
A leader of the Vietnamese Ministry of Natural Resources and Environment told Tuoi Tre (Youth) newspaper that Vietnam and its international partners on December 14 last year announced a political declaration on the JETP establishment in Belgium to mobilize $15.5 billion over the next three to five years to support the Southeast Asian country''s clean energy transition.
In August this year, Vietnamese Prime Minister Pham Minh Chinh issued a decision approving a JETP implementation project.
Priority projects for JETP until 2025 include the development of the national grid, transmission lines, battery energy storage systems, Bac Ai pumped storage hydropower plant in Ninh Thuan Province in south-central Vietnam, and offshore wind power plants.
Earlier this year, Vietnam unveiled its comprehensive national energy plan and the national power development Plan VIII with a priority giving to renewable energy.
In particular, the country expects renewable energy sources to make up 30.9-39.2 percent of its electricity supply by 2030 and 67.5-71.5 percent by 2050.
Green house emissions from power generation were projected to fall to 204-254 million metric tons by 2030 and 27-31 million metric tons by 2050.
The plan also includes a commitment of opening no new coal-fired thermal power plant after 2030.
Existing coal-fired thermal power plants will have to shift to running on biomass or ammonia after operating for 20 years.
Failure to do so will result in the closure of these plants after 40 years of operation.
Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
Employers are focusing on improving their talent attraction strategies
The authentication process must be completed within 90 days from December 25, 2024
The bakery has been temporarily shut down pending the results of the investigation
The arrest came after two Danish citizens, an American, a Briton, and two Australians died after drinking alcohol believed to be contaminated with methanol
This is considered the largest-ever food poisoning case in Ba Ria-Vung Tau Province in southern Vietnam
Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic
Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.
Da Nang will be the first airport in Vietnam to implement this service
The 60-hour event aims to boost domestic product sales and enhance the online shopping experience for Vietnamese consumers
Edensee Ke Ga Beach Resort is easily accessible with convenient transportation and relatively short travel times
South Africa is the fourth emerging market in a row to assume the G20 presidency
U.S. trade officials announced a new round of tariffs on solar panel imports from four Southeast Asian nations
Dong Nai is home to Vietnam's second-largest wild elephant population
A host of government buildings have remained unused for 17 years along To Hieu Street in Ha Dong District
The collection, featuring over 60 meticulously crafted designs, transformed the runway into a sophisticated soirée
About Hanoi renewable energy storage
As the photovoltaic (PV) industry continues to evolve, advancements in Hanoi renewable energy storage have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Hanoi renewable energy storage for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Hanoi renewable energy storage featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
Related Contents
