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Vietnam’s move to source renewables directly a big boost to energy independence

The move is critical for the regional manufacturing hub to realise its ambition of hosting more global high-tech firms 

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Jamille Tran

Published Fri, Aug 23, 2024 · 05:00 AM
    • Photovoltaic panels and battery energy storage systems will be installed across more than 320,000 square metres of ready-built factory roofs at London Business Park in the northern province of Thai Binh.
    • Photovoltaic panels and battery energy storage systems will be installed across more than 320,000 square metres of ready-built factory roofs at London Business Park in the northern province of Thai Binh. PHOTO: NAM TAI GREEN ENERGY

    [HO CHI MINH CITY] Vietnam’s new regulations on direct power purchase agreement (DPPA) for renewable energy are generating a buzz among industrial parks as it offers a gateway to energy self-sufficiency and greener power for tenants.

    However, industry players caution that while the potential is significant, several hurdles remain, including the need for clearer guidance from the authorities.

    “Some industrial parks are working very quickly to be self-sufficient with their own energy,” said John Rockhold, the president of Pacific Rim Investment & Management.

    Renewable energyVietnamAsean BusinessAseanManufacturingSolar energyWind energy

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