News
News
April 01, 2025
Vietnam’s FIT policy overhaul triggers industry bankruptcy fears
Vietnam’s government is conducting a comprehensive review of its feed-in tariff (FIT) regulations, a move that could significantly cut revenue for some operating renewable energy projects. This has sparked concern among industry players, who have filed a
March 06, 2025
Vietnam grants up to 12 years of fee exemptions for green energy projects
The Vietnamese government has introduced a new electricity decree, prioritizing the promotion of power generation projects using renewable energy sources such as solar and wind power, as well as energy storage systems.
February 10, 2025
Updated: Vietnam postpones 6 GW offshore wind goal to 2031-2035
Vietnam's offshore wind power development has come to a standstill, as the latest draft revision of the country’s National Power Development Plan 8 (PDP8) extends the 6 GW offshore wind target from 2030 to the 2031–2035 period.
December 11, 2024
BP, JERA merge offshore wind businesses to spread investment risk
BP and JERA announced on Dec. 9 that they plan to invest $5.8 billion by the end of 2030 to integrate their respective offshore wind businesses through a joint venture.
November 08, 2024
Developers urge 2025 FiT inclusion as Taiwan's floating offshore wind plans face delays
The Ministry of Economic Affairs had initially planned to release a draft for its floating offshore wind farm demonstration program by year's end. However, the timeline may face further delays as discussions over incentive mechanisms continue internally.
October 08, 2024
Philippines, Vietnam strive for first offshore wind projects
The Philippines and Vietnam have recently made significant advancements in offshore wind development policies.
October 01, 2024
Indonesia increases wind power capacity target to 5 GW by 2030
The Indonesian government has proposed a revised Electricity Supply Business Plan (RUPTL), aiming to increase wind power capacity to 5 GW by 2030. This new target significantly exceeds the original plan but falls short of expectations set by the Just Ener
September 12, 2024
CS Wind to build world’s largest wind power factory in Vietnam
South Korean wind power equipment giant CS Wind is expanding its investment in Vietnam, capitalizing on the geographic advantages of Long An Province in the Mekong Delta.
June 26, 2024
Philippines overtakes Vietnam, Indonesia in renewable energy investments: Progress at a glance
The Philippines government has clear policies for attracting investment in renewable energy, with a current prospective utility scale of 99 GW in wind and solar projects. However, the Philippines will need to overcome a series of challenges in its future
June 25, 2024
Philippines greenlights 16 offshore wind farms, with first GW-scale project by CIP
Philippine approved the construction of 16 offshore wind farms, with an estimated potential capacity of 7,668 MW. The one built in San Miguel Bay with an installed capacity of 1 GW is going to be the first and largest offshore wind farm in the country.