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Sunday, July 14, 2024

Ninh Thuan looks to become renewable energy hub

By T.Dao

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HCMC – Ninh Thuan Province aims to become a renewable energy hub of the country with an ambitious target of achieving a total capacity of 26,500MW of renewable energy by 2030.

The south-central province has already attracted significant local and international investment in renewable energy projects, making it one of the top localities in the country with a total installed capacity of nearly 3,500MW.

To achieve its goal, Ninh Thuan is transitioning its strategy to focus on developing models of solar and wind farms to create green energy and contribute to the nation’s power security.

From 2021 to 2030, the province will concentrate on developing solar, wind, hydroelectric, and liquefied natural gas energies. The target is to achieve 26,500MW in capacity, which is expected to account for 16% of the province’s gross regional domestic product by 2030.

To date, the provincial authorities have approved investment policy for 37 solar power projects with a combined capacity of over 2,500MW. These projects covering 3,500 hectares of land have total pledged capital of nearly VND68,700 billion.

Research by the World Bank showed that Ninh Thuan benefits from favorable wind speeds, making it an ideal location for wind power generation. The province has five areas planned for generating wind power with a total capacity of nearly 2,500MW, and offshore wind farms with an estimated capacity of 5,000MW are also under development.

Till now, the province has 17 wind farms approved by the competent authorities to be included in the national power plan and 14 projects have been put into commercial operation. An additional 10 projects have received provincial approval for preparing survey documents.

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