The energy storage technologies, including pumped-hydro and battery energy storage systems (BESS), are instrumental in integrating larger volumes of variable renewable energy generation into the power grid while ensuring its safety and reliability.
Frustrated by inconsistent government policy, companies in the APAC region are taking the lead and calling for intercompany coalitions to advance sustainability goals.
IFC is pledged to continue working on mobilising finance and unlock private sector solutions to help Vietnam become a modern dynamic middle-income country and realise its renewable energy goal.
The waste-to-energy project is considered to be the overall solution for collecting, classifying urban solid waste and converting it into biogas as well as other combustible materials to produce electricity. The plant is capable of processing about 600 tons of waste per day.
The United States is willing to support Vietnam more in responding to climate change, especially in developing clean energy, sustainable infrastructure and smart water resources management, said former US Secretary of State John Kerry at his talks with a Vietnamese official in Hanoi on June 20.
It looks like investors are trying to cash in on incentives for green power projects.
