Big Renewables Potential in Vietnam Needs Investment: New Report

A new report on renewable energy in Vietnam by researchers at Imperial College London and Singapore Management University found that “Given Vietnam’s strong resource potential, domestic and international investors have shown strong interest in various renewable energy projects, including solar, wind, and hydropower.” The Vietnamese government has instituted supportive policies to grow renewables, including feed-in tariffs and power-purchase agreements. However, a range of challenges are slowing the development of clean energy, the authors note, including coal dependency, lack of transparent legal and financial frameworks, and grid integration issues, among others. Accelerating the phase out of coal, bolstering investment in transmission capacity, and the introduction of risk hedging. The study was led by the Centre for Climate Finance and Investment at Imperial College London and supported by SMU’s Singapore Green Finance Centre. Access the REPORT