A power development plan published by Vietnam’s Ministry of Industry and Trade (MOIT) foresees a dramatic increase in wind power production by 2030 and a tripling of renewable energy production between 2030 and 2045.
The National Power Development Plan VIII (PDPVIII) contains plans to increase wind power capacity from 600 MW in 2020 to nearly 12 GW in 2030. It also plans for solar power to increase to 19-20 GW by 2030. The plan includes 35 potential offshore wind projects. The plan targets total renewable energy capacity from wind and solar sources reaching 39.8 GW by 2030 and 121.7 GW by 2045.
MOIT said that it does not plan any development of new coal-fired power plants other than those already under construction and those that will be operational by 2025.
In addition to the planned new capacity, the PDPVIII also addresses current issues around grid overload and power curtailment. The plan proposes expansion and upgrade of the existing transmission network and investment in new transmission lines and substations.