Investing in 1 MW of wind power with 1.3 million USD

According to representatives of KV VENTI Company (Czech) having a wind power project in Van Don (Quang Ninh), investment for each MW of wind power in Vietnam costs about 1.3 million USD. Binh Thuan and Ninh Thuan are suitable locations to exploit this power source.

Model of a wind power plant.Photo: Green Dairy.

"The wind potential in Vietnam is quite high in the world, there is a long and relatively shallow coast, so it is convenient to exploit wind power. European countries face difficulties in building wind power because of the weak wind. You have a big advantage but are technologically limited , " said KV Venti, representative of the company.

The central region and Vietnam's islands with an average wind speed of 4m / s can install wind turbines at a height of 12 meters. Previously, the 7.5 MW Con Dao wind power plant project was implemented on an area of ​​50 ha in the area of ​​Chim Chim area, with a total investment of about 20 million Euro to go into operation in 2010. Project has a 30-year active period.

In addition, Vietnam has abundant potential for solar energy with 2,000 - 2,500 hours of sunshine per year. Particularly in the Northwest and Central regions, there are more than 300 sources of hot mineral water from 30 to 1,050 degrees C. It is expected that by 2025 they will produce 200-400 MW of geothermal power.

Besides, Vietnam is also considered as one of 14 countries with the most potential hydroelectricity in the world, with many large and small hydroelectric plants being built. However, many argue that widespread hydropower exploitation will adversely affect the environment, although this is considered the cheapest way to exploit electricity today.

On May 8, the Foreign Investment Business Association will coordinate with KV Venti Company to organize a Seminar on developing clean energy resources in Vietnam (Vietnam Re - Energy 2009), with participation of 50 foreign experts and businesses interested in investing in renewable energy exploitation in Vietnam.

"Oil and coal resources are running out and emissions from their use are damaging to people. The world is taking into account these remedial problems, including one. The important solution is to use renewable energy sources , " said Dr. Hoang Van Huan, Vice Chairman of the Association of Foreign Investment Enterprises.