Vietnam is all set to increase renewable power supply to account for over half of the total. For this, the country will reduce coal-fired power supply by two-thirds between 2025 and 2045.
The Ministry of Industry and Trade has come up with the revised Power Power Development Plan 8 for the same.
According to the Deputy Prime Minister Le Van Thanh, the latest plan includes targets to "bring down the ratio of coal-fired power supply from 29.3 percent in 2025 to 9.6 percent in 2045."
To be noted, the country is set to have a total supply of 401,556 megawatts from all sources by 2045.
It has been reported that in the latest plan, renewable energy will see its ratio increase from 23.7 percent in 2025 to 59.5 percent by 2045. It will particularly include wind and solar power.
A local report mentioned, "Offshore projects are set to account for zero percent of supply by 2025 but will rise to 17 percent by 2045. Solar power farms will see its ratio more than double from 8.9 percent to 19.4 percent."
Meanwhile, carbon emissions will reach 175 million tonnes by 2045 and fall to 42 million tonnes by 2050. The revised plan further aims to reduce the energy imports.