VIETNAM ENERGY SUMMIT 2020

CTV Wind Asia CEO Viet-Hung Nguyen will participate at the Asia Energy Summit 2020 Exposition in #Hannoi #Asia. The theme was ‘Orientation of Asia’s national energy development strategy to 2030, vision to 2045’. Over 1000 people attended the summit.

Plus 5GW each year until 2030

In the electricity sector, demand has grown at a compound annual growth rate of 13% since 2000 and is projected to continue to grow at 8% through 2030. The Government estimates that generation capacity needs to increase from the current 42 GW to 60 GW by 2020 and to 100 GW by 2030.
In the energy sector, demand has increased at a compound annual growth rate of 13% since 2000 and is expected to continue to grow at 8% until 2030. The Government estimates that the power capacity needs to increase from 42 GW to 60 GW in 2020 and 100 GW in 2030.
This would require the installation of 5 GW annually between 2018 and 2030, which poses huge technical, administrative, and financial challenges. High levels of historic investment at close to US$8 billion annually will need to be further increased to about US$8–12 billion annually frontloaded through 2030, with an increasing shift toward investments in renewable energy, thermal generation, and network infrastructure.

Source: Report “Asia – Maximizing Finance for Development in the Energy Sector” – World Bank

CTV, as part of CTE Wind International

CTV, as part of CTE Wind International, did in the past some excellent work with intertidal foundation design for wind turbines in the Mekong-Delta. You can read more about our nearshore solution here: Tidal resistant foundation design