S H E A R M A N & S T E R L I N G L L P | 3 9
INSIGHTS
Future Challenges
to Vietnam's
Remarkably Rapid
Renewable Ramp-up
BY JEAN-LOUIS NEVES MANDELLI AND ANNA LAM
Vietnam's Power Development Master Plan,
the latest draft of which was released in
February this year (PDP 8), reflects Vietnam's
commitment to prioritize renewable energy
projects in its energy mix. PDP 8 sets targets
for wind at 18-19 GW and for solar at 19-
20 GW by 2030. The state-owned electric
utility, Vietnam Electricity (EVN), operates
as a monopoly "single-buyer" and is the
sole offtaker of all power generated in the
country (though the Vietnamese government
is seeking to develop a pilot program for
corporate PPAs with industrial offtakers).
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