It is expected that by 2030, establish 2 centers for interregional renewable energy industry and services in Vietnam?
Prioritize clean energy in the new electricity source structure according to Decision No. 500/QD-TTg in 2023?
On May 15, 2023, according to the Prime Minister's Decision No. 500/QD-TTg in 2023 approving the national electricity development planning of 2021 - 2030 and vision for 2050 (VIII Electricity planning), Vietnam's electricity source structure will have many changes in the direction of prioritizing the development of renewable energy and clean energy.
According to that, by 2030, total capacity of power plants serving domestic demand is 150.489 MW (excluding export, existing rooftop photovoltaic installation, renewable energy for production of new energy), including:
- Renewable energy includes: 21.880 MW of land-based wind power (14,5% total capacity of power plants); 6.000 MW of offshore wind power (4,0%), or develop at a higher scale if technology progresses rapidly, electricity price and transmission costs are reasonable;
- 12.836 MW of solar power (8,5%, not including existing rooftop photovoltaic installation), including 10.236 MW of consolidated solar power sources, around 2.600 MW of self-consumption solar power sources. Self-consumption solar power sources are prioritized for unlimited development;
- 2.270 MW of biomass electricity and electricity produced from waste (1,5%), or at a higher scale if resource is sufficient, land use effectiveness is high, environmental remediation is required, electrical grid infrastructures permit, electricity price and transmission costs are reasonable;
- 29.346 MW of hydroelectricity (19,5%), or at a higher scale if economic - technical conditions permit; 2.400 MW of pumped-storage hydroelectricity (1,6%);
- 30.127 MW of coal-fired electricity (20,0%), except for projects under Schedule 3 of Appendix II. However, coal-fired electricity sources that are facing difficulty in implementation will be replaced with LNG electricity sources or renewable energy.
- 14.930 MW of domestic gas-fired electricity (9,9%); 22.400 MW of LNG electricity (14,9%); 5.000 MW of electricity import (3,3%), and up to 8.000 MW.
In addition to traditional and renewable energy sources, the electricity source by 2030 will include 300 MW of storage batteries (0.2%); 300 MW flexible electricity source (accounting for 0.2%); 2.700 MW of cogeneration electricity, electricity using waste heat, blast furnace gas, by-products of technology lines in industrial facilities (1,8%), or at a higher scale in order to match capability of industrial facilities.
It is expected that by 2030, establish 2 centers for interregional renewable energy industry and services in Vietnam?
The objective by 2050 to completely eliminate coal-fired electricity?
According to Decision No. 500/QD-TTg in 2023, the structure of Vietnam's electricity sources will have many changes in the direction of reducing and completely eliminating coal-fired power.
Specifically, the total capacity of power plants by 2050 will reach from 490,529-573,129 MW (excluding imported electricity, renewable energy serving production of new energy).
In which, the Prime Minister decided to continue strongly developing renewable energy sources such as: 60.050 - 77.050 MW of land-based wind power (12,2 - 13,4%); 70.000 - 91.500 MW of offshore wind power (14,3 - 16%); 168.594 - 189.294 MW of solar power (33,0 - 34,4%); 6.015 MW of biomass electricity and electricity produced from waste (1,0 - 1,2%);
Hydroelectricity sources by 2050 will be developed to reach 36.016 MW of hydroelectricity (6,3 - 7,3%); 30.650 - 45.550 MW of reserve electricity (6,2 - 7,9%); 4.500 MW of cogeneration electricity, electricity using waste heat, blast furnace gas, by-products of technology lines in industrial facilities (0,8 - 0,9%);
In particular, Decision No. 500/QD-TTg in 2023 clearly states that there will be no longer coal-fired electricity (not using coal for electricity generation) and will instead develop thermal electricity using biomass and ammonia from 25,632-32,432 MW (4.5-6.6%).
Gas-fired electricity includes: 7.900 MW of domestic gas-fired electricity transitioned to LNG (1,4 - 1,6%); 7.030 MW of domestic gas-fired electricity transitioned to hydrogen (1,2 - 1,4%); 4.500 - 9.000 MW of LNG and hydrogen co-firing thermal electricity (0,8 - 1,8%); 16.400 - 20.900 MW of LNG thermal electricity transitioned to hydrogen entirely (3,3 - 3,6%);
Imported electricity reaches 11.042 MW (1,9 - 2,3%) and development of flexible electricity sources 30.900 - 46.200 MW (6,3 - 8,1%).
It is expected that by 2030, establish 2 centers for interregional renewable energy industry and services in Vietnam?
In Decision No. 500/QD-TTg in 2023, the objective of development of renewable energy industry and service ecosystem is mentioned, including the following content:
- By 2030, establish 2 centers for interregional renewable energy industry and services for producing, transmitting, and consuming electricity; manufacturing industry for renewable energy equipment, construction, installation, related services and establish renewable energy industry ecosystem in potential areas such as the Northern region, the South Central coast, and the Southern region when conditions are right.
- Develop electricity sources from renewable energy and produce new energy for export;
- By 2030, electricity export capacity reaches around 5.000 - 10.000 MW.
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