GWEC and Informa Markets: Powering Vietnam’s net zero pathway through Vietnam Wind Power 2021

Global Energy Council (GWEC) and Informa Markets Vietnam are bringing together Vietnam Power 2021 (VWP2021), the official wind industry event in Vietnam since 2018.

This year’s hybrid conference is supported by British Embassy, Embassy of Denmark, Embassy of Germany, Germany Agency for International Cooperation (GIZ), Norwegian Embassy in Hanoi and its Commercial Section – Innovation Norway.

The event will be held alongside Vietnam Technology & Energy Forum (VTEF) organised by State Agency for Technology Innovation (SAIT). It will be joined by Vietnam’s leading policymakers, industry leaders, investors and other key stakeholders locally and internationally. 

With world-class resource potential and rapidly growing power demand, Vietnam is poised to be South East Asia’s offshore leader over the next decade. Under the current renewable energy development pipeline, a total of 84 onshore wind power projects with a total capacity of 3.89 GW has reached COD by the end of 31 October, 2021.

The latest PDP8 draft revision in November – which followed after Vietnam’s net zero pledge at COP26 – demonstrated the Vietnamese government’s increasing confidence in energy as a drastic increase in 2030 energy targets was being proposed for both onshore wind (+5 GW) and offshore wind (+2 GW). 

Building on the tremendous developments in the past few months, Vietnam Power 2021 is the perfect platform for key stakeholders to ride on the momentum and discuss all the most updated and exclusive insights on wind policies, strategy and actions needed to empower Vietnam’s transition to a greener economy through its net zero pathway in the next decade.

The conference will continue to explore key questions such as the role of power in global energy transition and in Vietnam’s future energy mix. Both the technical and business session will deep dive into and a wide range of topics such as energy system optimisation & integration, hybrid solution, supply chain localisation, certification, M&A, investment, Capital raising and various risk mitigation when developing a project.  

Liming Qiao, Head of Asia at Global Wind Energy Council (GWEC), said: “ Vietnam has finally reached its 4 GW wind installation milestone, the wind sector is expected to grow even more aggressively in the next decade with the increasing global emphasis on green transition and coal phase-out. It is important to keep the momentum going and continue to push for more aggressive targets and find solutions to address the bottle-necks that is preventing the wind energy sector from reaching its potential.”

Tee Boon Teong, General Manager at Informa Market Vietnam, said: “Offshore wind opportunities abound in Vietnam and I hope the Vietnamese government will quickly capitalize on the COP26 momentum to accelerate renewable energy adoption, offshore wind in particular. Let’s transition off fossil fuel as quickly as technology and economics permit.”

Kim Højlund Christensen, Danish Ambassador to Vietnam, said: “For an emerging economy like Vietnam securing sufficient energy for economic growth is non-negotiable. At the same time, tackling climate change is also non-negotiable. A transition of the energy system from being based to a large extend on fossil fuels into a system with a more diverse mix with an increasing share of renewable energy will be a solution to this challenge.”

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