Made in Vietnam Energy Plan 2.0
This Made in Vietnam Energy Plan (MVEP 2.0) updates the previous report and has been developed during a time of fast-paced transition in global and local energy markets. The sustainable energy technologies of the future, such as solar, wind, and lithium-ion battery storage – once thought only to become economically feasible by the late 2020s or 2030s – have drastically decreased in cost and subsequently accelerated in scale. Today, they are now frequently out-competing unsubsidized fossil-fuel-based power technologies across the world. Coal power plants that were once highly bankable and the lowest-cost option for rapidly developing economies are now harder to finance as investors see a trend in concerns over health and environmental degradation, the deterioration of plant load factors, and early plant retirements.
