中文
Vietnam has given its approval to a long-awaited power plan, known as PDP8, which aims to boost wind energy and natural gas while reducing reliance on coal, Reuters reported.
The plan seeks to ensure energy security and move the country towards carbon-neutrality by the mid-century.
Funding for new power plants and grids under the plan is estimated to require $134.7 billion, with contributions expected from foreign investors. The Group of Seven (G7) nations and other wealthier countries pledged $15.5 billion in initial funds to support Vietnam's transition away from coal.
The approval of the plan marks an important step towards unlocking funding for renewable projects, particularly offshore wind.
To achieve its target of complete carbon-neutrality and the phase-out of coal by 2050, Vietnam estimates a total investment of up to $658 billion, with one-fifth of the funds to be disbursed by 2030.
The plan aims to more than double the country's power generation capacity to over 150 GW by 2030, up from 69 GW in 2020.
Gas-fired power plants and imported liquefied natural gas (LNG) are expected to play a crucial role, accounting for a combined installed capacity of 37.33 GW by 2030, or 24.8% of the total.
Wind, solar, and other renewable sources, excluding hydropower, are projected to cover nearly 31% of Vietnam's energy needs by 2030, increasing to 47% if G7 pledges are fully implemented.
The plan sets a target of 18.5% of the total power mix to be generated from wind, predominantly onshore, while solar energy's contribution would decrease by nearly threefold to 8.5%. Offshore wind power capacity, which attracts foreign investment, is expected to reach six GW by 2030 and at least 70 GW by 2050.
In the energy mix by 2030, hydropower would account for 19.5%, down from over 30% in 2020, while coal would make up 20%, a decrease from nearly 31% in 2020.
However, due to the overall increase in output, coal-generated energy would rise to over 30 GW by the end of the decade, up from 21 GW in 2020.
(Writing by Alex Guo Editing by Harry Huo)
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