Friday, 05 May 2023 12:39

Vietnam to more than double power generation by 2030

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Vietnam aims to double its electricity generation by 2030, but has slightly lowered its offshore wind target and will rely heavily on coal until the end of the decade. The target for offshore wind installations in 2030 is set at 6 GW, slightly lower than the 7 GW target included in the draft national power development plan in December. By 2030, hydropower will be the second primary energy source, followed by liquefied natural gas (LNG) and onshore wind. The plan is important to unlock the $15.5 billion green transition fund pledged to Vietnam last December.

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