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It is the time for Vietnam to set a goal towards 100% power generation from renewable energy

It is the time for Vietnam to set a goal towards 100% power generation from renewable energy - 

Speaking at the forum in Hanoi on August 29, 2019 on "Smart energy - optimizing power generation mix with the flexible solutions in Vietnam" organized by the Embassy of Finland in collaboration with Wartsila, Mr. Jaakko Eskola, the President and General Director of Wartsila expressed: Vietnam is one of the countries in the world with the fastest economy and energy growth rate and this growth rate is expected to continue in the coming time, therefore, Vietnam needs to supplement more power capacity, and with an abundant potential of wind, solar and other renewable energy (including hydropower energy), this is an ideal time for Vietnam to set a goal, towards 100% power generation from renewable energy in the future.

According to Mr. Jaakko Eskola, the production costs of wind, solar power and storage batteries currently have significantly decreased and this trend is forecasted continuously to decline in the near future.

Mr. Jaakko Eskola considered, the current challenge for the power planners is how to increase the power generation rate from renewable energy, manage, handle fluctuation, interruption and improve the stability of renewable projects, and how to integrate these projects into the national power system.

Wartsila has solved these issues in 78 countries and territories around the world. Wartsila also brought forward power generation technologies to be integrated into traditional factors and improved dispatching items to handle excessive fluctuations.

Speaking at this forum, Mr. Kari Kahiluoto - Ambassador of Finland in Vietnam said the Government of Vietnam has implemented a very ambitious policy to develop renewable energy with its inherent potential. Finland is also in the process of converting clean energy and we would like to be the partner of Vietnam in the clean and smart energy.

According to Nguyen Manh Cuong, Institute of Energy (Ministry of Industry and Trade), as of June 2019, solar power capacity has reached nearly 4,500 MW, accounting for nearly 10% of the total installed capacity of the national system. Currently, the Institute of Energy is coordinating with the other units to establish build the Power development Planning VIII, with a goal to increase power capacity from renewable energy up to 50-60% of the total power installed capacity of the national power system in 2030 – 2035 period.

VietnamEnergy.vn

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