Laos projects to export energy to Vietnam

Laos is on its way towards achieving its nationally determined contributions under the Paris Agreement, as per a latest report.

According to the Asian Development Outlook 2022 report, "Laos is committed to further promoting renewable energy and investments in low-carbon sectors to achieve carbon neutrality by 2050."

It has further opened up the way for exports of energy.

The report stated that the country has planned "wind farm investments of 1.6 gigawatts, including a 600-megawatt (MW) Monsoon Wind project in Xekong and Attapeu provinces." These projects will export energy to Vietnam.

According to the report, "strong foreign private investment inflows are expected to support the development and supply of low-carbon electricity and grid connectivity in Laos for export markets."

It has been reported that these "investments are expected to become one of the world’s largest wind farms and provide over 90 million tonnes of carbon saving over their life."

The government has already given the green light for investors to develop a number of solar projects in the country. Among these projects, some are already currently conducting feasibility studies.

To be noted, the Lao government is considering increasing the share of solar power in its energy mix to almost 25 percent by 2025.

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