Vietnam offers 3,260 coastline, with the average wind speed of 7 m/s; many locations in the South have yearly solar radiation of 1,387-1,534 Kwh/KWp, which makes the country a great hub for wind power and photoelectric. Besides the advantages of wind and solar radiation, Vietnam is an agricultural country with big potential for biomass power. This presentation features an expert outlining the huge potential of renewable energy in Vietnam, as well as the opportunities and challenges it has.

The pilot policy to encourage the development of wind power and solar power has accelerated Vietnam to be among the fastest growing countries in renewable energy during 2018-2022. The last few years have seen investors participating in different product chains, which involve production, transmission and distribution. In reality, after the heated development time, some projects of wind power and solar power have faced challenges in connecting to the national grid. This panel discussion features the most active investors in the private sector sharing their practical experiences when investing and operating in renewable energy.

The electric system scale of Vietnam will double in the next 7-8 years to meet its social consumption and economic development. It is estimated that the country will need about 135 billion dollars to develop the supply and transmission grid from now until 2030. In the period of 2030-2050, the capital in need will be 399 – 523 billion dollars. Beside the private capital, the international capital and green credit will have essential role in the green energy transition in Vietnam. In this panel, international investors and green financing institutions will talk about their interests and investments in renewable energy in Vietnam.