Vietnam

IEEFA Research

IEEFA: Vietnam’s PDP8 delay is an opportunity to unlock more cost-effective renewable energy

IEEFA: Vietnam’s PDP8 delay is an opportunity to unlock more cost-effective renewable energy

The key is to refine new strategies and improve market structures

13 May (IEEFA Vietnam):  Vietnam’s Power Development Master Plan for 2021-2030 with a vision to 2045 (PDP8), was expected to be signed off at the end of March during the last days of Prime Minister Nguyen Xuan Phuc’s administration, but it hit an unexpected delay. Rather than being a setback, however, this delay can be […]

IEEFA: Renewables should be focus of Vietnam’s Draft PDP8, not coal and gas

IEEFA: Renewables should be focus of Vietnam’s Draft PDP8, not coal and gas

Evidence was clear to inform the next stage of Vietnam’s power development

11 March (IEEFA Vietnam): Vietnam’s recently published draft power development plan for 2021-2030 (PDP8) has failed to acknowledge the importance of developing a more flexible system that can accommodate a changing technology mix, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “After a decade filled with disappointments from […]

IEEFA: There will be no smooth sailing for LNG investors in Vietnam 

IEEFA: There will be no smooth sailing for LNG investors in Vietnam 

Great enthusiasm will be met by regulatory, financing and market challenges

19 January 2020 (IEEFA Vietnam): Liquified natural gas (LNG) suppliers and gas power developers looking at making Vietnam an essential LNG market should not expect to replicate the success of renewable energy seen recently in the country, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy […]

and January 19, 2021 Read More →
IEEFA: Nhiệt điện khí LNG không dễ để bùng nổ ở Việt Nam

IEEFA: Nhiệt điện khí LNG không dễ để bùng nổ ở Việt Nam

Rào cản chính sách, nguồn vốn và thị trường sẽ thử thách các nhà đầu tư

Ngày 19 tháng 1 năm 2021 (IEEFA Vietnam): Trong thời gian vừa qua, Việt Nam đã nhanh chóng nổi lên là một trong những thị trường nhập khẩu khí thiên nhiên hóa lỏng (LNG) cho phát điện tiềm năng nhất ở châu Á. Tuy nhiên, không dễ để điện khí LNG tạo ra bước nhảy […]

and January 19, 2021 Read More →
IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

Pakistan and Bangladesh have already cancelled tenders for LNG imports

14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

Project bankability at risk as new regulations threaten usual contractual terms

3 November 2020 (IEEFA Vietnam): Foreign investors will face higher-than-usual risks in concluding coal power projects in Vietnam, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy Analyst with IEEFA, says new regulatory and market challenges will likely prove too onerous for foreign investors in four […]

and November 3, 2020 Read More →
IEEFA report: Vietnam’s new power development plan must optimize renewables and avoid fossil fuel lock-in

IEEFA report: Vietnam’s new power development plan must optimize renewables and avoid fossil fuel lock-in

EVN’s financial constraints leaves the utility with little room for error

22 September 2020 (IEEFA Vietnam): Implementing Vietnam’s soon-to-be-launched next Power Development Plan will ultimately depend on the country’s ability to mobilize more innovative sources of offshore financing, finds a new report by think tank the Institute for Energy Economics and Financial Analysis (IEEFA). Vietnam is poised to launch Power Development Master Plan 8 (PDP 8) […]

IEEFA Vietnam: Áp lực tài chính với EVN gia tăng

Xây dựng một mạng lưới điện đủ mạnh, linh hoạt và triển khai cơ chế đấu giá điện tái tạo sẽ giúp giảm áp lực tài chính đối với EVN

Ngày 22/9/2020 (IEEFA Việt Nam): Tập đoàn Điện lực Việt Nam (EVN) đang đứng trước rủi ro tiềm ẩn về tài chính trong bối cảnh áp lực thanh toán cho các hợp đồng mua điện dài hạn từ các nhà máy điện độc lập đang ngày càng lớn, Viện Kinh tế Năng lượng và Phân […]

More News and Commentary

IEEFA: China is supporting over 50% of coal power development in largest remaining project pipelines

IEEFA: China is supporting over 50% of coal power development in largest remaining project pipelines

As finance shifts from coal, China is looking isolated as the last enabler of coal-fired power overseas

A review of coal power proposals in countries with large remaining project pipelines indicates that 56% of the total capacity of these proposals is being supported by China. Historically just one of the major providers of finance to overseas coal power projects, China has more recently looked increasingly isolated as other nations and financial institutions […]

Solar deployment likely to top 1-terawatt mark next year, 2TW by 2026

S&P Global Market Intelligence ($): Global solar installations could break the 1-terawatt mark in 2022, industry group SolarPower Europe said in its “Global Market Outlook” on July 21, despite rising raw-material costs that could create headwinds for the renewable energy industry. Capacity stood at 773.2 GW at the end of 2020 with the addition of […]

July 23, 2021 Read More →

Russian, Belgian joint venture plans 1GW Vietnam offshore wind farm

offshoreWind.biz: Russian oil & gas company Zarubezhneft and DEME Concessions Wind have signed a Memorandum of Understanding to jointly develop a 1 GW Vinh Phong wind farm offshore Vietnam. The consortium plans to commission the project’s first phase with 600 MW capacity by 2026 and the second phase with 400 MW capacity by 2030. The […]

July 19, 2021 Read More →

WoodMac estimates Asia Pacific solar PV capacity could triple by 2030

PV Tech: Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie. The research firm said ambitious solar targets mean China will add 619GW of PV by the end of the decade, by which time it […]

July 13, 2021 Read More →

Saudi-backed ACWA Power plans $16 billion in investments in 2021

Arab News: ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), is planning to invest $16 billion in new projects around the world in 2021, ahead of plans for an initial public offering (IPO). Early last year, CEO Paddy Padmanathan said the company planned to invest $10 billion in new projects […]

July 9, 2021 Read More →

Five Asian countries have more than 600 coal power units in pipeline

The Guardian: Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report. Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than […]

June 30, 2021 Read More →

More than 200GW of offshore wind projects announced since 2020

Renew Economy:  More than 200GW worth of new offshore wind projects have been announced around the world since 2020, according to new figures published this week, but regulatory hurdles and supply chain constraints will nevertheless hinder the completion of the entire pipeline by 2030. The new figures were published this week by renewable energy consultancy […]

June 24, 2021 Read More →
IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts

The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]

Biggest US solar manufacturer plans to double capacity with Ohio plant

PV Tech: First Solar has unveiled plans to more than double its US manufacturing capacity with a 3.3GWdc facility in Ohio that will produce thin film PV modules for the country’s utility-scale solar sector. The ‘Solar Module Super League’ (SMSL) member will invest US$680 million in the plant, which is expected to begin commercial operations […]

June 10, 2021 Read More →
IEEFA: Pakistan is planning to end coal imports, worsening outlook for South African coal

IEEFA: Pakistan is planning to end coal imports, worsening outlook for South African coal

The growing and irreversible risks being faced by South African coal exporters

As Thungela Resources’ CEO attempts to talk up the future of the Anglo American coal spin-off, South Africa’s second largest coal export destination Pakistan is planning to bring coal imports to an end. Thungela CEO July Ndlovu recently stated that a “just transition” for developing nations requires the continued operation of existing coal-fired power plants […]