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Efforts in New York to rely on offshore wind to reach its renewable energy goals took a hit Friday when a regulatory agency dumped three critical projects. The decision is another setback to New York’s aspirations to achieve 70 percent renewable energy by 2030 and be a hub for the nascent industry in the United States.
A surge in Australian investment is expected to hit Vietnam following the elevation of the Vietnam-Australia relationship to a comprehensive strategic partnership.
Russian oil and gas company Zarubezhneft has expressed an interest in venturing beyond oil and gas exploitation to develop offshore wind projects in Vietnam.
Factors such as the upcoming rise in power tariffs and salaries are expected to pressurise the government’s efforts in bringing inflation under control this year.
“We look forward to seeing you in mid-May.”