Opportunities and Challenges in Renewable Energy Development in Ho Chi Minh City

renewable-energy-development-in-ho-chi-minh-city

Renewable energy sources are acknowledged for Ho Chi Minh City’s significant contribution to environmental protection and sustainable development.

The topic of Voice of Vietnam (VOV) held on July 29 was “Developing Renewable Energy in Ho Chi Minh City – Opportunities and Challenges.” Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group, and Mr. Son, Ha Dang, Director of the Center for Energy Research and Green Growth, shared the potential, opportunities, and challenges of developing renewable energy sources in Ho Chi Minh City.

Regarding the potential of renewable energy sources contributing to Ho Chi Minh City’s sustainable development, Mr. An, Pham Dang emphasized rooftop solar power and offshore wind power. He noted that Ho Chi Minh City has the most significant potential for solar power, particularly rooftop solar power systems. Ho Chi Minh City is a megacity with over 12 million residents, relatively concentrated construction, and favorable natural conditions and climate, well-suited for developing rooftop solar power systems. On average, the city receives sunshine per month is 100 and 300 hours – the maximum amount occurring during the dry season. The total technical potential for rooftop solar power in Ho Chi Minh City is over 5,000 MWp, with each 1 MWp rooftop solar power system developed in the city reducing annual CO2 emissions by approximately 1,000 tons. Consequently, the development of rooftop solar power systems will protect the environment and enhance the competitiveness of a green, sustainable urban environment. In the longer term, offshore wind power, particularly in the coastal region of Can Gio in Ho Chi Minh City, is also a crucial renewable energy source. Developing offshore wind power in the Can Gio coastal region will create opportunities for accompanying technologies, including hydrogen power plants…”

Mr. An, Pham Dang, Deputy General Director of Vu Phong Energy Group, shared the following at the program

Mr. An emphasized in the program that this is a crucial time for developing rooftop solar power to serve factories that need clean energy to green their production process and enhance their competitiveness on the international market. Mr. An added that Vu Phong Energy Group pioneered the Power Purchase Agreement (PPA) cooperation model, which focuses on investing in and developing solar power systems for businesses, allowing them to use the energy without returning to the grid. Many Vietnamese enterprises, including Vinamilk, Kem Nghia, and others, are actively using solar power and opting for this model. Vu Phong Energy Group collaborates with our customers throughout the process, from project preparation, construction, and installation to operation and maintenance (O&M), to protect the environment and optimize the financial benefits of using clean energy.

Full Voice of Vietnam’s program at link “Developing Renewable Energy in Ho Chi Minh City – Opportunities and Challenges” (Vietnamese)

Sharing the VOV program is also one of the outstanding activities of Vu Phong Energy Group in July. In the first month of the third quarter, the Vu Phong Energy Group continues accelerating progress into the second half of 2023. Engineering Procurement and Construction (EPC), and Operation and Maintenance (O&M) activities are all carried out with the utmost care. Vu Phong engineers work day and night on some projects to complete and deliver systems on time, allowing our customer businesses to quickly use electricity for their production operations while meeting renewable energy utilization criteria and greenhouse gas emission reduction targets. Furthermore, Vu Phong Energy Group is actively negotiating and signing cooperation agreements with several new customers to develop solar projects via Power Purchase Agreements (PPA), particularly in the Northern region.

Details of Vu Phong Energy Group’s outstanding activities in July, let’s read Vu Phong Magazine:

Vu Phong Energy Group

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