Made in Vietnam Energy Plan 2.0

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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.

Posted February 18, 2020
Related locations: Vietnam
Related programs: Environmental Resilience

HIGHLIGHTS ACROSS ASIA

The health and safety of our community, partners, grantees, and staff is our top priority. As the COVID-19 health emergency unfolds, we are working hard to continue and adapt the Foundation’s important programs focused on improving lives and expanding opportunities on the ground in Asia. Read more about our COVID-19 response.

The health and safety of our community, partners, grantees, and staff is our top priority. As the COVID-19 health emergency unfolds, we are working hard to continue and adapt the Foundation’s important programs focused on improving lives and expanding opportunities on the ground in Asia. Read more about our COVID-19 response.