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Industry News


Non-hydro renewable to show strong growth of 22.4% in Vietnam, during 2019–2030


N


on-hydro renewable is expected to show the highest growth rate in Vietnam, registering a


compound annual growth rate (CAGR) of 22.4%, due to government policies and the untapped renewable potential, according to GlobalData, a leading data and analytics company. GlobalData’s latest report,


‘Vietnam Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’, reveals that the country has been struggling to develop its energy industry due to a lack of state funds. The country’s coal reserves are depleting, and the government is looking to expand the energy mix. Due to the government support and abundance of untapped renewable potential, installed non-hydro renewable capacity is forecast to reach 19.9 GW by 2030. Anchal Agarwal, Power Industry


Analyst at GlobalData, commented, “In Vietnam, market development of renewable sources such as wind and solar is in nascent stage. Hydropower potential is nearly exploited; in contrast, wind, and solar expansion potentials are high and to a great extent untapped. Against this backdrop, Vietnam has revised its 7th


terms of non-hydro renewable energy resources. However, there are several


challenges currently facing the Vietnam power sector. The country’s biggest challenge is how to mobilize the large investment requirements, estimated at around US$8bn annually to meet fast growing power demand. Low electricity prices, limited


funding, slow pace of major power projects and lack of private sector interest, including that of foreign investors, are some of the other challenges facing by Vietnam’s power sector. Agarwal concludes, “In spite of


Vietnam, cumulative installed capacity by fuel type (%), 2018. Source: GlobalData, Power Intelligence Center


Power Development Plan (PDP7) and set the priorities for developing renewable energy sources such as wind, solar and biomass. Projections are to increase the percentage of renewable energy power to 7% by 2020 and 10% by 2030. As of 2018, hydropower dominated


the Vietnam power mix, with a share of 40.2% of the total installed capacity, followed by coal and gas with 38.9% and 15.9% share respectively. Non-hydro renewable


power technologies accounted for a share of 2.1% in 2018, out of which, 1.3% was contributed by biopower, followed by wind and solar with 0.5% and 0.3%, respectively. As a percentage of the total


installed capacity, the share of hydropower will decline from 40.2% in 2018 to 23.0% in 2030, which is expected to be replenished by an increase in non-hydro renewable energy sources. Wind and solar power are expected to be frontrunners in


certain roadblocks, investment is happening in the country’s renewable power sector. Vietnam is trying to reduce its dependence on fossil fuels for electricity generation and more emphasis is given to the development of solar, wind and other renewable resources.” More information To gain access to our latest press releases: GlobalData Media Centre Analysts available for comment. Please contact the GlobalData Press Office: EMEA & Americas: +44 (0)207 832 4399: Asia-Pacific: +91 40 6616 6809


Email: pr@globaldata.com Geminor secures first RDF export from Iceland


The Norwegian resource management company has signed a contract to handle the first ever export of treated waste from Iceland.


Geminor has signed a five-year


contract to export secondary fuels, or RDF, from Iceland to an energy- from-waste (EfW) plant in the Netherlands. The waste will be used as a fuel to produce electricity, steam and heat for industry and district heating. The first shipment will leave Iceland this Summer, and regular shipments will commence from October. According to the agreement, a


8 Forest Bioenergy Review Summer 2019


European countries in making good use of their household waste by sending it to the EU as secondary fuel, says Schöpwinkel. – This is not only a milestone for


Reykjavik


total of 70 000 tonns of RDF will be exported to the European continent from Iceland in the five years to come. This means that Iceland enters a new era in the management


of waste, says Chief Operating Officer at Geminor, Ralf Schöpwinkel. – Today, all waste on Iceland


goes to landfill. This contract means that Iceland now joins many other


Iceland, but also for Geminor as a resource management company. The contract on Iceland is yet another important step in our international expansion process, says Chief Operating Officer at Geminor, Ralf Schöpwinkel. More information Chief Operating


Officer at Geminor, Ralf Schöpwinkel, tel. (+47) 976 41 335 Email: ralf.schopwinkel@geminor.no Web: Geminor.no


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