first_img FacebookTwitterLinkedInEmailPrint分享CNBC:Vietnam is powering ahead of the rest of Southeast Asia as it pushes for greater reliance on renewable energy.The region, long criticized for lagging behind in its efforts to adapt to more sustainable ways, is still heavily reliant on coal consumption. Vietnam, however, has bold ambitions to use more renewable energy such as wind and solar.The country is aiming to boost its power output produced by renewable energy to about 23% by 2030, according to Andreas Cremer, director of energy and infrastructure for Europe, Middle East and Asia at German investment firm DEG.Citing the German Corporation for International Cooperation, a development agency, Cremer highlighted that 10.7% of the energy mix will be from renewables and 12.4% will be from hydro.“The power development plan of Vietnam is evolving continuously,” Cremer told CNBC at the Asia Clean Energy Summit last week. The government’s renewables and hydro targets for its energy mix was raised from 16% in 2011 to 23% in 2016.Global energy consultancy firm, Wood Mackenzie, said Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market and has the largest installed capacity in the region. Solar PV is a technology that converts sunlight into electrical energy.In an October report, Wood Mackenzie said Vietnam’s cumulative solar installation will reach 5.5 gigawatts this year — which makes up about 44% of Southeast Asia’s total capacity. In comparison, Vietnam produced just 134 megawatts — or 0.134 gigawatts — in 2018.More: Vietnam is pushing ahead of Southeast Asia in its drive for renewable energy Vietnam is accelerating drive for renewable energylast_img