Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN
  • Fossil Fuel Giants Intensify Legal Battles Against Climate Policies Through ISDS System
  • Fortescue Reports Lowest Profit in Six Years, Adjusts Green Hydrogen Timelines Amid Market Pressures
  • Exide Strengthens European Footprint with High-Capacity BESS
  • UK Consortium Launches £500M Battery Storage Platform to Boost Grid Flexibility
  • Oman Positions Waste-to-Hydrogen as Cornerstone of Circular Economy Transition
  • Wärtsilä to Equip Wasaline’s Aurora Botnia with World’s Largest Marine Battery Hybrid System
  • India’s $92 Billion Bet on Green Hydrogen: Can Policy and Technology Deliver?
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Asia
Green Hydrogen H2 News

GWEC calls on Vietnamese government to extend wind tariff and maintain regional leadership

Arnes BiogradlijaBy Arnes Biogradlija23/09/20204 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The Global Wind Energy Council (GWEC) has called on the Government of Vietnam to expand the Feed-in-Tariff (FiT) wind energy scheme with urgency.

Due to uncertainty around the investment system, Vietnam’s wind industry is already facing a slowing of investment in 2020, and further delays in the extension of FiT would impede the growth of the supply chain and cost reduction in the developing wind market, thereby undermining Vietnam’s target of affordable, reliable and clean electricity.

With 500 MW of onshore and offshore power currently installed and at least 4 GW expected to be commissioned by 2025, Vietnam is the region’s fastest-growing wind market. In 2020, however, investor interest in the construction of wind projects in Vietnam has slowed significantly, as onshore wind projects usually take 2 years to construct, but the current FiT only applies to projects completed by November 2021.

Investors face too much uncertainty to commit to new wind projects without clarification on the FiT scheme from 2022 onward, jeopardizing the potential pipeline and contributing to job losses in the field.

“Vietnam has been widely recognized for quickly becoming a regional leader of clean energy in South East Asia and attracting investment commitments from a number of worldclass companies in the sector. The government must now avoid slowing down badly needed investment in wind energy by extending the FiT scheme, thereby ensuring that long-term investments can materialise to create tens of thousands of skilled jobs and provide clean, competitive power for Vietnam’s economy.”

 Ben Backwell, GWEC’s CEO. 

The Office of the Prime Minister and the Ministry of Industry and Trade have already recognized wind power’s significant potential for clean power generation and green development. The Prime Minister approved an additional 7 GW of new wind projects in June this year to be added to Vietnam’s Power Sector Master Plan (PDP 7). The reality, however, is that, due to a lack of certainty about the FiT extension, the vast majority of the 7 GW will not materialize.

“Vietnam is on the cusp of achieving economies of scale and cost reduction in the wind industry, and this momentum must be maintained if it is to avoid a boom-bust cycle of development. Due to project timescales, a delayed FiT extension risks a “bust” period for the wind sector, wherein very few projects will be connected to the grid from 2022-2023. In the long run, this will jeopardize the cost reduction made possible by consistent, large-scale supply chain development, and ultimately result in less renewable energy at higher prices for Vietnam.”

Mark Hutchinson, chair of GWEC’s South East Asia Taskforce.

Before the current FiT expires in November 2021, at least 1.65 GW of wind projects are expected to be built. As a renewable, indigenous energy source, wind energy plays an important role in bolstering Vietnam’s energy security and meeting its growing demand for electricity. In addition, the rising sector of renewables could generate billions of dollars of investment capital and hundreds of thousands of long-term jobs.

The Government of Vietnam is currently considering the extension of FiT and the implementation of a new FiT system, this industry alliance understands. As the slowdown in investor interest in 2020 was exacerbated by disturbances from the COVID-19 pandemic, the situation for the wind industry has now become crucial.

Due to component bottlenecks in the global wind supply chain and less favourable CAPEX rates at future sites for new wind projects , especially around the Mekong Delta, the investment case for Vietnam’s wind projects will be challenged substantially without the promptly announced clear and realistic FiT scheme.

To date, the wind sector in Vietnam has profited from increasingly large foreign and domestic capital flows. Up to 65,000 jobs and approximately US$ 4 billion in investment could be generated by the 4 GW due to be built by 2025. To realize this potential, the Government of Vietnam must now act to expand the FiT wind energy scheme and avoid a prolonged slowdown in the years ahead of renewable energy investment and installation.

Share. LinkedIn Twitter Facebook Email

Related Posts

green hydrogen

India’s $92 Billion Bet on Green Hydrogen: Can Policy and Technology Deliver?

27/08/2025
India Pushes Green Hydrogen Capacity Beyond 860,000 Tones as Global Export Ambitions Grow

India Pushes Green Hydrogen Capacity Beyond 860,000 Tones as Global Export Ambitions Grow

21/08/2025
China

Has China Just Outpaced the West in the Race to Net Zero?

20/08/2025
hydrogen

India-Germany Alliance Targets Efficiency Gains in MW-Scale Hydrogen Production

15/08/2025
Green Hydrogen

L&T Eyes Global Partnerships in India’s Green Hydrogen Push

13/08/2025
hydrogen

India’s Renewable Push Faces Slowdown as Storage-Linked Projects Dominate Tenders

12/08/2025
NATURAL HYDROGEN

TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN

28/08/2025
Fossil Fuel

Fossil Fuel Giants Intensify Legal Battles Against Climate Policies Through ISDS System

28/08/2025
Fortescue Reports Lowest Profit in Six Years, Adjusts Green Hydrogen Timelines Amid Market Pressures

Fortescue Reports Lowest Profit in Six Years, Adjusts Green Hydrogen Timelines Amid Market Pressures

28/08/2025
Exide Strengthens European Footprint with High-Capacity BESS

Exide Strengthens European Footprint with High-Capacity BESS

28/08/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.