20220512 Vietnam PDP8, sign in May, and go away..
Vietnam
Sign in May, and go away..
Office of Government just sent an instruction to MOI yesterday (11 May), request MOIT to clarify:
Status of of solar projects that have not yet operate..
Feasibility of option using imported LNG for high scenario (capacity: 23900mw)
Will it be signed this May?
PV Power cooperates with GE in Nhon Trach 1, Nhon Trach 3 and 4 Power Plants
Information from PetroVietnam Power Corporation - JSC (PV Power) said: In the morning of May 11, 2022 (local time), in Washington DC, USA, this Corporation and the Group General Electric Group (GE) signed a cooperation agreement on developing solutions to improve efficiency of Nhon Trach 1 Power Plant and long-term cooperation on maintenance of Nhon Trach 3 and 4 Power Plants under the witness of Prime Minister. Prime Minister Pham Minh Chinh and US Secretary of Commerce Gina Raimondo.
Equinor (Norway) officially participates in the offshore wind power market in Vietnam
Equinor - Norway's largest energy company officially opened a representative office in Hanoi, marking an important milestone in the business cooperation portfolio of Norway - Vietnam. The event once again affirms Norway's willingness and determination to contribute to the development of the offshore wind power industry in Vietnam, participate in the green transition, as well as support Vietnam in its implementation. implementing its commitments in the Paris Agreement on Climate Change and at the Summit on Climate Change (COP26).
World
Renewable Energy Market Update - May 2022
The current global energy crisis has added new urgency to accelerate clean energy transitions and, once again, highlighted the key role of renewable energy. For renewable electricity, pre-crisis policies lead to faster growth in our updated forecast. Notably, wind and solar PV have the potential to reduce the European Union’s power sector dependence on Russia's natural gas by 2023.
At the same time, it is too early to assess the potential impact on our 2022 and 2023 forecast of newly announced targets following the Russian invasion of Ukraine, in the absence of rapid policy implementation.
Annual renewable capacity additions broke a new record in 2021, increasing 6% to almost 295 GW, despite the continuation of pandemic-driven supply chain challenges, construction delays and record-level commodity prices for raw materials.
Solar PV and wind costs are expected to remain higher in 2022 and 2023 than pre-pandemic levels due to elevated commodity and freight prices. However, their competitiveness actually improves, due to much sharper increases in natural gas and coal prices.
Renewable capacity is expected to further increase over 8% in 2022, reaching almost 320 GW. However, unless new policies are implemented rapidly, growth remains stable in 2023 because solar PV expansion cannot fully compensate for lower hydropower and steady year-on-year wind additions.
Globally, forecast additions for 2022 and 2023 have been revised upwards by 8% from December last year, thanks to strong policy support in the People’s Republic of China (hereafter, “China”), the European Union and Latin America, and despite downward forecast revisions in the United States.
Biofuel demand recovered in 2021 from Covid-19 lows, to near 2019 levels, and we expect growth to expand year-on-year by 5% in 2022 and by 3% in 2023. On the other hand, increasing feedstock prices and policy reaction from multiple countries slows growth in the short term, leading to a 20% downward revision of our previous biofuel demand growth forecast. Russia’s invasion of Ukraine is also putting upward pressure on an already high-price environment for biofuel feedstocks, in particular vegetable oils.
While looming market uncertainties increase challenges, the new focus on energy security – especially in the European Union – is also triggering an unprecedented policy momentum towards accelerating energy efficiency and renewables. Ultimately, the forecast of renewable markets for 2023 and beyond will depend on whether new and stronger policies will be introduced and implemented in the next six months.
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US probe into solar imports threatens almost two-thirds of planned capacity additions in 2022
Even before the probe, the US PV industry began 2022 in a tough spot. More than 7 GWac of solar PV was delayed last year by more than six months due to high commodity prices, federal tax credit uncertainty and unfavorable policies. This included the US government’s December 2021 decision to ban imports containing goods from China’s northwest region of Xinjiang due to reported human rights abuses committed against the Uyghur people. With 40% of the world’s silicon production based in Xinjiang, this policy effectively halved the number of panels that can be imported to the US, disrupting the already ropy supply chain.
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EU Seeks to Boost Solar Energy to Cut Russian Gas, Draft Shows
The European Union’s executive arm is drafting a strategy to more than double the pace at which solar panels are installed across the bloc under a plan to rapidly rid itself of Russian fossil fuels following the country’s war in Ukraine.
The European Commission wants to install over 300 gigawatts of photovoltaics by the middle of this decade -- twice the level seen in 2020 -- and more than 500 gigawatts by 2030, according to a draft of its solar energy strategy seen by Bloomberg. The plan involves a “swift, massive deployment” of solar panels on rooftops, starting with buildings that have the highest energy consumption, and will be published alongside new legislation to speed up permitting.
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UK Startup Raises $150 Million in Largest Round for Carbon Capture
A London-based startup that makes small, modular units to capture carbon emissions from smokestacks has raised $150 million from investors that include the venture arms of Chevron Corp., Saudi Arabian Oil Co., and Samsung Group.
Carbon Clean Solutions Ltd. has tested its technology at more than 40 sites around the world, and says it can capture as much as 97% of carbon dioxide released by steel and cement factories and power plants.
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TotalEnergies, Duke Energy Win Carolina Long Bay Offshore Wind Leases
TotalEnergies and Duke Energy are the provisional winners of the Carolina Long Bay offshore wind lease sale in the US, with their competitive winning bids totaling USD 315 million.
The Bureau of Ocean Energy Management (BOEM) offered two lease sites (OCS-A 0545 and OCS-A 0546) in the Wilmington East Lease Area offshore North Carolina and South Carolina which, if fully developed, could accommodate at least 1.3 GW of installed offshore wind capacity. This is enough to power about 500,000 homes, according to BOEM.
TotalEnergies secured the OCS-A 0545 lease site with a winning bid of USD 160 million and Duke Energy won OCS-A 054 for USD 155 million.
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