That creates opportunities for governments, policymakers as well as private sector to invest in renewable energy options in Southeast Asia.Wood Mackenzie said in its report that although Southeast Asia as a whole is still an emerging region in solar PV installations, its cumulative solar PV capacity is expected to reach 12.6 gigawatts this year, and is expected to grow almost threefold to 35.8 gigawatts in 2024. "It's not realistic for those companies to cut out coal, and completely rely on renewables," he said. "People living there are clearly demanding better air quality. Ha Noi, Viet Nam. in new coal power plants that would reverse the current trend of increasing coal consumption, said Jakob Stenby Lundsager, a long-term advisor of the Danish Energy Partnership Programme, at a press meeting on Tuesday. Wind turbines at a wind power project in the central province of Quảng Trị’s mountainous district of Hướng Hóa. As of October 2019, Quảng Trị is home to 68 wind power projects with total capacity of more than 3,600 MW. Fig. Renewable Energy Statistics 2019 provides data sets on power-generation capacity for 2009-2018, actual power generation for 2009-2017 and renewable energy balances for over 130 countries and areas for 2016-2017.. Data was obtained from a variety of … Vietnam’s revised National Power Development Master Plan has emphasized the role of renewable energy sources in alleviating Vietnam’s electricity deficit and has targeted an increase in wind power generation to 2,000 MW by 2025 and 6,000 MW by 2030.

"That is actually quite impressive if you realize that they only changed their power development plan in 2016 and basically beginning of this year, they basically had nothing," he said.However, he said, the country was able to take more than 4 gigawatts of renewable energy capacity online by June — "So I think that is quite an achievement," he added.Global energy consultancy firm, Wood Mackenzie, said Vietnam is now the leader in Southeast Asia's solar photovoltaic (PV) market and has the largest installed capacity in the region. Data is a real-time snapshot *Data is delayed at least 15 minutes. — VNA/VNS Photo Nguyên LýHÀ NỘI — The Việt Nam Energy Outlook Report 2019 revealed enhanced energy efficiency and development of renewable energy at the highest level can deliver large and cost-effective carbon dioxide reductions, and reduce air pollution and dependency on fuel imports. Copyrights 2012 Viet Nam News, All rights reserved .Add:79 Ly Thuong Kiet Street, Editor_In_Chief: Trinh Thanh Thuy We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. Vietnam is aiming to boost its power output produced by renewable energy to 23% by 2030, according to Andreas Cremer at German investment firm DEG. Still, the trend is that policymakers and companies will try to replace coal with renewable energy for economic growth.Economies will "need efficient electricity to grow," Cremer said — especially as people continue to migrate into urban areas, such as mega-cities like Jakarta, Bangkok and Ho Chi-min city. And that is another reason we are seeing a push for renewables," he added.Wind production costs have also come down in recent years, making its price almost comparable to relying on coal. We are happy to announce that the 2019 Asia and the Pacific Renewable Energy Status Report is now available!

On 11 March, 2019 the City of Sydney approved the purchase of 100% renewable energy for the city after their large-site electricity contract expires on December 31, 2019. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Photovoltaic panels stand on the roof of Irex Energy JSC's manufacturing facility in Vung Tau, Vietnam in July, 2019. The country is aiming to boost its power output produced by renewable energy to about 23% by 2030, according to Andreas Cremer, director of energy and infrastructure for Europe, Middle East and Asia at German investment firm DEG. Renewable energy target In March 2016 the Vietnamese Government issued the revised National Power Development Plan for 2011 to 2020 (known as the Power Master Plan VII). The government's renewables and hydro targets for its energy mix was raised from 16% in 2011 to 23% in 2016. The Việt Nam Energy Outlook Report 2019 revealed enhanced energy efficiency and development of renewable energy at the highest level can deliver large and cost-effective carbon dioxide reductions, and reduce air pollution and dependency on fuel imports. The International Renewable Energy Agency (IRENA) produces comprehensive, reliable data on renewable energy capacity and use worldwide. The 18 countries covered in this report are fundamental to the clean energy transition. 100.00 (2019) Energy Imports Net ... expansion targets for renewable energy generation capacities are set until 2030 as shown in the figure below. Solar PV is a technology that converts sunlight into electrical energy.In an October report, Wood Mackenzie said Vietnam's cumulative solar installation will reach 5.5 gigawatts this year — which makes up about 44% of Southeast Asia's total capacity. "Large-scale solar will dominate the installation capacity for the next five years," and the firm "expects small-scale solar to account for 32% of the capacity additions in 2024," it wrote.Got a confidential news tip? In comparison, Vietnam produced just 134 megawatts — or 0.134 gigawatts — in 2018.Cremer said it's not likely for countries to fully replace coal.

They account for 52% of the world’s population, represent 88% of the people living in the Asia Pacific region and account for 39% of the global primary energy supply. This 100% renewables portfolio will enable them to achieve their 2021 and 2030 greenhouse gas emission reduction and 2021 renewable energy targets ahead of schedule. "The power development plan of Vietnam is evolving continuously," Cremer told CNBC at the Asia Clean Energy Summit last week. AES Corp won Vietnamese regulators’ approval to build a 2.2-gigawatt natural gas-fired power plant in the south-central province of Binh Thuan.