20220412 Wind still blows, capital stuck, future of EV and other stuff..
Vietnam
Two trillion wind power plants in the West connect to the national grid
On April 8, the People's Committee of Soc Trang province held the inauguration of two wind power projects in wards 2 and Vinh Hai commune, Vinh Chau town. Thus, this province now has 4 wind power plants connected to the national grid with 110.8 MW.
Mr. Vo Van Chieu, Director of the Department of Industry and Trade of Soc Trang province, said that wind power plant No. 5 (Lac Hoa Wind Power) belongs to Vinh Chau Renewable Energy Joint Stock Company, was started construction on December 31st. 2019, at the coastal alluvial ground in Lac Hoa commune and ward 2 (Vinh Chau town). The plant has a capacity of 30 MW, phase 1 with 8 turbines.
According to Mr. Pham Van Hieu, Director of Vinh Chau Renewable Energy Joint Stock Company, the investment capital of phase 1 is 1,450 billion VND. When the plant is put into operation, it will contribute over 93 million KWh to the national grid and the whole second phase of the plant will contribute at least 160 million KWh in total, creating jobs for many local workers.
Wind power plant No. 6 (Quoc Vinh Soc Trang Wind Power) has a total capacity of 129 MW, divided into 2 phases, built in Huynh Ky hamlet, Vinh Hai commune, Vinh Chau town. Quoc Vinh Soc Trang wind power plant phase 1 has a capacity of 30 MW, investment capital is 1,420 billion VND; Phase 2 has a capacity of 99 MW, with an investment of VND 3,900 billion.
The People's Committee of Soc Trang province has granted investment policies to 18 wind power projects, of which 11 projects have been and are under construction.
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Need 141 billion USD of investment capital for the power industry in the period of 2021 - 2030
Total investment capital for electricity development in the period 2021-2030 of Vietnam is estimated at 141.59 billion USD, of which the power source part is 127.45 billion USD and the grid part is about 14.14 billion USD. The average annual investment capital for this period is about 14.16 billion USD/year (of which the source part is about 12.72 billion USD/year and the net part is about 1.41 billion USD/year).
Mr. Nguyen Tuan Anh, Deputy Director of the Department of Electricity and Renewable Energy (Ministry of Industry and Trade) said at the Workshop "Opening up investment capital in the electricity industry" held by Investment Newspaper on the morning of April 8.
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World
Build Back Better Isn’t Enough: Enact Regulatory Reform To Unlock Climate Investment
There are examples of this working. In California, residential rooftop solar has seen explosive growth over the last decade, in part thanks to demand-side financial incentives including the federal investment tax credit and the state-level net energy metering program. But equally significant in driving adoption were reforms on the supply-side that eased the permitting process for residential solar. California established a standard permit application for residential solar. When followed, an over-the-counter ministerial review is the only approval needed. Various laws did away with laborious planning department approvals, eliminated HOA restrictions on solar, exempted the value of the solar system from property tax adjustments, and removed the need for structural engineers, electrical engineers, and other specialists to develop and submit a permit. An expensive, multi-week process costing thousands in time and fees was replaced with a templated “standard plan” that takes under an hour to complete and is approved over-the-counter.
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