Vietnam’s clean energy transition slowed by inadequate regulation and grid despite solar boom
WHILE Vietnam has made striking progress in the last five years to jumpstart its solar energy generation capacity to the point that it is now the leader in Asean, watchers said the country’s transition to a clean energy future is hindered by underdeveloped regulations and grid inadequacy.
Vietnam catapulted to pole position in South-east Asia in 2019 with solar capacity reaching 4,750 megawatts (MW), from just 86 MW in the previous year, according to data compiled by researchers Thang Nam Do and Paul Burke.
Thailand, which up until then had the largest capacity for solar power generation in the region, stood at 2,987 MW the same year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub
Big tech players splash the cash to court S-E Asia’s young and fast digitalising population
Third Vietnam politburo member resigns in two months
Domestic coffee prices rise in Vietnam, premiums up in Indonesia
Singapore’s STT GDC to co-develop US$420 million data centre in Vietnam
Indonesia at risk of higher fiscal deficits post-election: Fitch