Will Vietnam build a better energy future?

Building a cheaper, cleaner, and more secure energy future for Vietnam will not happen overnight. Other markets further along in development of renewable power greatly benefited from the support of the government.

Will Vietnam save 10 percent in power costs?

Following the Renewables-Led Pathway would save Vietnam 10 percent in overall power costs between 2017 and 2030. The key driver of this cost reduction is the savings in fuel costs resulting from a move away from high levels of fuel-intensive thermal generation. Such savings would grow over time as the capital expenditures amortized.

Does Vietnam's purchase-power agreement provide incentives for investment?

As of today, with ve key showstoppers, Vietnam’s purchase-power agreement does not provide suf cient incentives for investment. 1Government guarantee for build–operate–transfer thermal possible to decrease over time due to high government debt.

Should Vietnam have a nonbankable PPA?

Vietnam needs to be able to attract new capital into the market to meet the country’s energy requirements. A nonbankable PPA, like the one that is currently in place in Vietnam, would require renewables projects to be financed entirely with equity.

Should Vietnam pursue a renewables-led pathway?

Renewables are the lowest-cost option for Vietnam to meet its energy needs. Pursuing a Renewables-Led Pathway offers the country the prospect of less expensive, cleaner, and more secure energy. Failure to move forward could leave an estimated $23 billion of value on the table between now and 2030, and more in the years to follow.