How to effectively develop wind power investment in Vietnam

Under the titled “Wind power investment guidelines”, the workshop is facilitated by the MOIT/GIZ energy support program under the German technical development cooperation project ”Support to the up-scaling of wind power” in order to assist the Vietnamese Government to develop and utilise wind energy for socio-economic development. With a total budget of EUR6.9 million, it is commissioned by the Federal Ministry of Economic Development and Cooperation (BMZ) under the German Climate Technology Initiative (DKTI).

It targets senior officials from relevant Ministries of Industry and Trade, Planning and Investment and relevant provincial Departments of Southern localities as well as the private sector. By presenting a first version of the study on wind power investment guidelines, the event helps participants getting a deeper understanding of the wind power project development phases, and collecting as much feedback as possible from various stakeholders regarding the investment process.

Besides, the guidelines aim to provide more transparency and clarity on the different development phases of a wind project in Vietnam from the administrative perspective, and to bring clarity on the different financing possibilities and schemes for wind power under the current regulatory framework but also provide an opportunity for public authorities at provincial level to gain a good understanding of the process.

With more than 3,000 kilometers of coastline and its location in the monsoon climate zone, Vietnam has some of the best potentials for wind power in Southeast Asia. Over 2,600 square kilometers have an annual average wind speed above 6m/s at 80m above ground level. Estimations from an existing 2011 wind atlas cite around 24GW of potential.

According to the revised Power Development Plan VII, the installed capacity of wind power shall be raised to 800MW by 2020 and 6,000 MW by 2030. Despite the promising wind resource, only 114 MW of wind power are operational due to a number of regulatory and market barriers as well as capacity needs that need to be overcome./.