Samsung Vietnam is calling on the Vietnamese government to support its efforts to procure renewable energy at competitive prices as part of its broader strategy to transition to greener operations.
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.
With the steady development of the electricity and renewable energy market, the 8th Electric & Power Vietnam 2022 exhibition officially took place on September 7-9, at Saigon Exhibition & Convention Center (SECC).
As Vietnam accelerates efforts to transition to low-carbon growth, IFC is providing a $70 million loan to HDBank – one of the country’s leading banks in climate finance – to increase its funding for renewable energy projects in Vietnam.
REE expands its footprint in renewable energy, it is looking for long-term US dollar-based financing that is not readily available in the local market.
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.
In the Bac Lieu Investment Promotion Conference 2018, a total amount of VND110 trillion (US$4.85 billion) has been registered for investment projects, of which renewable energy development projects account for VND81 trillion (approximately US$3.5 billion).