Some perspectives on renewable energy’s significant potential

Exploiting renewable energy sources has become a common trend around the world in order to replace depleted fossil energy sources and limit extreme changes to the global climate. As of October 31, 2021, the total installed capacity of renewable energy sources in Vietnam was 20,644MW, according to Electricity of Vietnam (EVN). In order to develop renewable energy in a sustainable manner, the Vietnamese government has established macro policies for renewable energy development through 2030, with a long-term vision of 2045. We invite you to read with PECC3 to gain a new perspective on renewable energy’s potential and importance.

What exactly is renewable energy?

Renewable energy is also referred to as unlimited renewable energy and sustainable renewable energy. Currently, renewable energy accounts for 16% of global energy consumption and is primarily used in the electricity industry. According to statistics, the total electricity output from solar power nationwide in 2020 is 10.6 billion kWh (of which rooftop solar power alone accounts for 1.16 billion kWh), accounting for approximately 4.3% of the total mobilized output of the entire national electricity system.

Renewable energy is non-polluting to the environment and helps to reduce the amount of carbon dioxide released into the atmosphere, thereby reducing the greenhouse effect. These are infinite energy sources because they never run out. Renewable energy sources assist countries in achieving energy self-sufficiency, avoiding energy crises, reducing nuclear power production, and avoiding war-causing conflicts.

PECC3’s first steps before the potential of the renewable energy industry in Vietnam.

Vietnam is a country with great potential for renewable energy (solar power, wind power, wave power, ocean current power). Resolution No. 55-NQ/TW dated February 11, 2020 of the Politburo on the orientation of Vietnam’s national energy development strategy to 2030, with a vision to 2045, has the policy to build a new energy market with uniform quality, competition, transparency, diversification of ownership forms and business methods; application of market prices to all types of energy.

Encourage and create all favorable conditions for all economic sectors, particularly the private sector, to participate in energy development; and steadfastly eliminate all manifestations of subsidies, monopolies, unfair competition, and lack of transparency in the energy industry.

Vietnam’s energy development potential

Because of its long coastline, tropical monsoon climate, and strong agricultural economy, Vietnam has abundant and diverse conditions for the development and production of wind power and solar energy. Mineral resources are expected to be depleted within the next 80-100 years. Renewable energy is a viable alternative to traditional energy sources. As a result, renewable energy has been identified as one of three special priority areas in Vietnam’s industrial development strategy and vision to 2035.

PECC3 offers design consulting, surveys, pre-feasibility study documents (Pre-FS), feasibility study documents (FS), basic design, construction drawing design, and agreement. Time spent consulting on site selection, technology and technical solutions, creating bid documents, evaluating contractors, negotiating contracts, supervising the construction of renewable energy projects, and other related tasks.

Some typical projects PECC3 has implemented:

– Formulate wind power development planning nationwide (in 2012) and the provinces of Binh Thuan, Ninh Thuan, Bac Lieu;

– Selection of project location; Wind resource assessment at selected locations (projects funded by WB, GIZ);

– Survey, prepare pre-feasibility study reports for wind power projects: An Phong (108MW), Nhon Hoi (27MW), Thuan Nhien Phong 50MW, Phu Lac 90MW, …

– Consultant for making feasibility study reports for wind power projects: Huong Phung 1 (30MW), Wind Power No. 3 (Banpu) Phase 1 (30MW), Korea Tra Vinh Phase 1 (48MW), Goldwind Phase 1, Trung Nam Tra Vinh (V3-6) 348MW, …

– Consulting on setting up basic design, designing construction drawings for wind power projects: Dong Hai 1 (125MW), Wind Power No. 18 Soc Trang (22.4MW), Cong Hai 1 (25MW), Hiep Thanh, Huong Son 2.

Renewable energy has enormous potential and is one of the most important ways to address the global energy crisis and environmental challenges. Simultaneously, the Vietnamese government has encouraged and created favorable conditions for all economic sectors. The private sector’s involvement in renewable energy development, in particular, has resulted in an explosion of solar power projects, wind power, nearshore wind power, and offshore wind power registered in 2022.