The Vietnamese government will approve the national renewable energy development plan between 2010 and 2015 with a vision for further development through 2025 next month, said Nguyen Anh Tuan, deputy director of Vietnam Energy Institute.
Under the plan, investors who invest in small-sized hydropower projects, wind energy, solar energy, geothermal energy, biomass and bio-fuel will receive much support from the government, Tuan noted.
Vietnam boasts a huge potential for harnessing 1,800MW wind energy, 150MW of biogas, 800MW of biomass, 350MW energy created from rubbish, 340MW of geological energy, and 4,000MW of hydropower.
Currently, renewable energy accounts for just 1% of Vietnam’s total power capacity, or 12,000MW.
The country plans to raise the proportion of renewable energy sources to 3% of the national total commercial power supply through 2010, to 5% by 2020, and 11% by 2050.