Vietnam's central region plead investors to invest in renewable energy

Vietnam's central region has urged the investors to invest in the field of renewable energy as the region is enriched with the possibilities.

The region wants to capitalize on its natural resources and boost economic development through renewable energy.

According to Dang Trong Van, chairman of Huong Hoa district, the state budget reached just over $11 million last year following the contribution of wind farms in the area. He informed that Quang Tri’s state budget had hit almost $240 million last year, out of which over $150 million came from wind power.

A local report mentioned, "With great potential for the development of both onshore and offshore wind and solar projects, Quang Tri aims to become an energy hub in the central region."

According to Ha Si Dong, vice chairman of the People’s Committee, "the province has implemented several policies to call for investment in renewable energy."

Meanwhile, renewable power has become a new focus in many other central cities and provinces.

As per the authorities, many investors have taken their attention to the Central Highlands region for their clean energy projects. Among many, Dak Lak has the greatest potential for renewable energy development. It already has solar power plants that are connected to the national grid.

In 2020, Dak Nong’s industrial production index rose by over 13 per cent on-year with majority of projects in solar and wind power.

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