WHAT FACTORS ARE DRIVING THE RATE OF GROWTH IN VIETNAMESE POWER CONSUMPTION OVER OTHER SOUTHEAST ASIAN COUNTRIES ?
“ Intertidal projects are located in the shallow near-shore waters , and use onshore wind technologies to harvest wind resources from the sea ”
Clive Turton , President and CEO , Asia Pacific , Vestas
serve a diverse customer base , from mature markets like Australia to emerging markets like Vietnam and Thailand , and then there is the enormous potential of India . Our customers range from utilities to independent power producers and financial institutions , with a variety of experience in the wind energy space . Due to this uniqueness , we need to set up a very fast-paced and agile organisation to tailor our solutions to customer needs .
WHAT FACTORS ARE DRIVING THE RATE OF GROWTH IN VIETNAMESE POWER CONSUMPTION OVER OTHER SOUTHEAST ASIAN COUNTRIES ?
Southeast Asia is primed to become the engine of global economic growth . The region ’ s electricity consumption has grown by nearly 6 % annually since 2000 , double the world ’ s average . With a growing population of 96.7 million , Vietnam is at the forefront of power demand in the region . Its electricity consumption has increased by 13 % annually since 2000 . Electricity peak demand is growing at 11 % annually as investments in the country continue to accelerate . Industries are adjusting their supply chain to be less reliant on neighbouring China , and are attracted by lower labour costs in Vietnam . Vestas is leading the pack in developing new wind projects in Vietnam – we closed four of the five deals last year in this market and we are now deep into execution of new projects . Vietnam has a feed in tariff and a government that is supportive of renewable energy . There is considerable interest in this market from
17 www . energydigital . com