Vietnam can become a renewable energy superpower
Vietnam invested $ 7.4 billion in solar and wind power last year, ranking 8th on the list of renewable energy investments around the world.
Solar panels at the BIM solar power complex in Ninh Thuan province, central Vietnam. Photo by VnExpress / Quynh Tran.
Weert Börner, Deputy Ambassador of the Federal Republic of Germany to Vietnam, said on Friday that Vietnam has the potential to become a renewable energy superpower.
He was speaking at an exhibition titled “Energy in Transition – Power Tomorrow” organized by the Embassy of the Federal Republic of Germany and the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on Friday.
Börner said China was the top country for renewable energy investment in 2020, with $ 83.6 billion, followed by the United States with $ 49.3 billion.
Vietnam ranked 8th on the list with $ 7.4 billion, ahead of France and Germany.
He said the world was experiencing an energy shift towards renewables to mitigate the effects of climate change, and Vietnam could become a renewable energy superpower in the future, producing solar, wind and biomass power. .
Nguyen Duc Hien, deputy head of the Central Economic Committee, said Vietnam aims for sustainable energy development and environmental protection in its socio-economic development plans.
The country plans to ensure that renewables account for 25-30% of total energy production by 2045, he said.
German experts listed six advantages of shifting energy production to renewable energy sources: less dependence on foreign energy sources, ensuring energy security because renewable energy sources will not run out, benefit the environment and human health, create jobs, encourage innovation and create local sources. Added value.
Vietnam’s solar and wind power generation in the first quarter increased 181% year-on-year to 7.79 billion kilowatt-hours. This accounted for 13% of total electricity production, behind coal-fired electricity at nearly 50% and hydropower at 23%, according to a recent report by the national utility Vietnam Electricity.