Page 2 - John Yeap News Today

Vietnam’s government plans to double its installed power generation capacity to 146 gigawatts (GW) by 2030, according to press reports.

The Department of Energy (DOE) of the Philippines has published its offshore wind roadmap setting out plans for reaching up to 21 gigawatts (GW) offshore wind by 2040.

Vietnam’s Ministry of Industry and Trade (MOIT) has submitted to the country’s prime minister a transitional mechanism for onshore wind and solar projects which missed the feed-in tariff (FiT) application deadline.

The Philippines’ Public Service Act (PSA) has become law after the country’s president Rodrigo Duterte signed it in March. The PSA allows up to 100% foreign ownership of public services in the country.

Vietnam will need international concessional capital support if it is to ensure energy security and reach its net zero emissions target by 2050, its industry and trade minister, Nguyen Hong Dien, has said.

The Asian Development Bank (ADB) has approved a US$150 million loan for a facility to encourage public and private funds to invest in green, financially sustainable infrastructure projects in Indonesia.

Australia’s biggest coal-fired plant Eraring will close in 2025, seven years earlier than planned.

The International Finance Corporation (IFC) has approved a US$30 million financing package for a waste-to-energy (WtE) power plant in Vietnam.

The World Bank (WB) has recommended that Indonesia do more to encourage private investment in renewables as part of work to deliver on its energy transition.

Private investors may be permitted to invest in Vietnam’s developing electricity transmission lines.