December 25th, 2016 by Zachary Shahan
Cheap electricity prices have literally taken the wind out of the sails of potential investors.
High installation costs and relatively low power prices are making investors think twice about diving into Vietnam’s wind energy market.
The country has set a target of producing around 6,000 MW of wind power by 2030, equivalent to 2.1 percent of total electricity generation.
Deputy Trade Minister Hoang Quoc Vuong said Vietnam currently has four wind farms with a combined capacity of just 160 MW, implying that there is much more room for wind power in the country’s energy mix, the Saigon Times reported.
JIUQUAN, China — On the edge of the Gobi Desert, the Jiuquan Wind Power Base stands as a symbol of China’s quest to dominate the world’s renewable energy market. With more than 7,000 turbines arranged in rows that stretch along the sandy horizon, it is one of the world’s largest wind farms, capable of generating enough electricity to power a small country.
But these days, the windmills loom like scarecrows, idle and inert. The wind howls outside, but many turbines in Jiuquan, a city of vast deserts and farms in the northwest province of Gansu, have been shut off because of weak demand. Workers while away the hours calculating how much power the turbines could have generated if there were more buyers, and wondering if and when they will ever make a profit.
“There’s not much we can do right now,” said Zhou Shenggang, a manager at a state-owned energy company who oversees 134 turbines here; about 60 percent of their capacity goes unused each year. “Only the state can intervene.”
China, the world’s largest emitter of greenhouse gases, has pointed to its embrace of wind and solar power and other alternatives to coal to position itself at the forefront of the global effort to combat climate change.
bloomberg_Emerging markets are leapfrogging the developed world thanks to cheap panels.
A Singaporean company plans to tap the potential for wind power in southern Vietnam.
e.vnexpress – Southeast Asia’s leading renewable energy developer, The Blue Circle, has been awarded an Investment Certificate from Vietnamese authorities for a 40 Megawatt (MW) Dam Nai wind project worth $60 million in the southern province of Ninh Thuan.
March 13, 2015 — 6:44 AM WET
bloomberg_Vietnam began constructing a 120-megawatt wind farm with a total investment of 6 trillion dong ($281 million) in the Central Highlands province of Dak Lak.
HBRE Wind Power Solution Co. will build the project in three phases through 2020, Chairman Ho Ta Tin said on Friday. The Ho Chi Minh City-based company is expected to be able to produce 400 million kilowatt-hour a year, equal to the demand of 200,000 households.
General Electric Co. will provide the project’s 60 turbines, Tin said on March 13. The first phase, which uses 14 two-megawatt turbines, would start generating electricity next year. Tiếp tục đọc “Vietnam Starts 120-Megawatt Wind Farm in Central Highlands”
Dominant global players have yet to emerge in wind and solar
Handful of clean-energy companies build `supermajor’ skills
More than a decade after the birth of the modern renewable energy industry, solar and wind await their John D. Rockefeller.
Bloomberg – Clean power remains a tumultuous and fragmented business, crowded with companies grabbing for slices of an emerging market that aspires to reshape how the world meets its energy needs. They rise and fall as technology advances and demand seesaws. Some have grown into sprawling regional players, often propped up by government subsidies. A few, like Suntech Power Holdings Co. and Q-Cells SE, soared to prominence, then all but flickered out.
Yet there are still no companies that dominate the industry. Tiếp tục đọc “Waiting for a Rockefeller: Meet the Next `Supermajors’ of Energy”