December 27, 2021

Supporting Vietnam's Renewable Energy Revolution

By Team Halvo
Supporting Vietnam's Renewable Energy Revolution

Vietnam's growing demand for Power

Demand for electricity in Vietnam has grown by an average of 10% each year over the past five years, and continues to grow in line with Vietnam’s rapid economic growth. This is resulting in demand outstripping supply in many areas, leading to power shortages across the country. 26% of Vietnam’s energy is currently generated from hydroelectric plants, but droughts, heavy rains, and earthquakes can all interfere with this method of energy generation, leading to electricity shortages.

In 2020, over half of Vietnam’s electricity was generated from coal. To reduce reliance on coal in line with the Glasgow Climate Pact, Vietnam needs to increase its renewable energy generation capacity. By 2030, Vietnam aims to be producing 30GW of electricity annually from wind power.

Projects such as this wind power plant in Bac Lieu Province will also help to pave the way for upgraded power transmission lines, which will increase both Vietnam’s ability to switch to renewable energy sources, and the local availability of electricity, helping to prevent power shortages in the future.

The Bac Lieu Wind Power Plant Project

This project will generate 320,000 MWh of renewable electricity every year and feed it into Vietnam’s national grid, helping to bridge the gap between supply and demand that currently exists.

By replacing electricity generated from fossil fuel fired power plants with electricity generated using wind power, this project will prevent around 143,000 tonnes of CO2 from being emitted into the atmosphere every year.

This project has already employed over 100 people who operate the wind power plant. It also supports the local community by funding social events, contributing to local charities that improve services for local people, and has planted 24,800 trees to promote regional biodiversity.

This project is verified by the Gold Standard. You can view it on the Gold Standard registry here. Original post by Ecologi.