đăng ký vn88appOffshore wind power investors need a better mechanism

Offshore wind power investors need a better mechanism

HÀ NỘI — While Việt Nam plans a  七,000MW of offshore wind power by  二0 三0, most of wind farm investors shared their concern about the bidding mechanism for the industry in a recent energy workshop in Hà Nội.

In the workshop held by the Global Wind Power Association (GWEC) in collaboration with the Institute of Energy from the Ministry of Industry and Trade (MoIT), the ministry announced that it has submitted the draft Power Master Plan VIII to the Government for consideration and approval, adding the draft included a bidding possibility for investors of the offshore wind power in Việt Nam.

Nguyễn Thị Thanh Bình, deputy general director of T T Group, said: “The roadmap for formulating and promulgating a pricing mechanism for offshore wind power projects has so far not been prepared, and there is a lack of specific and clear instructions.”

Bình added even the term of offshore wind, onshore and offshore wind power were not very clear in the current policies.

She considered the investment field was still very new to Việt Nam and there were some investors who only engage in “project development"大众with no real purpose of investing in building the projects, thus the participation of those investors would likely distort the selection process of contractors and the actual requirements of the projects would likely not be ensured.

In this case, Bình said those investors selected for low bids may not be able to fulfill their co妹妹itments and result in failing the projects.

Mark Hutchinson, head South East Asia of GWEC, said: “Businesses have to invest billions of US dollar for an offshore wind power project, even if it is a small project, so they needs policy clarity.”

The head said it needed at least eight years for an offshore wind farm to be done and work from preparation level and getting loans for the projects was not an easy task.

He said as domestic banks have limited loans, many investors have to ask loans from foreign banks, which have to estimate risks and financial loss based on the price mechanism.

According to insiders, while Việt Nam was studying and coming up with a bidding plan for offshore wind power, they needed a transitional mechanism before bidding so that they could learn from the experience of other countries to have reasonable solutions.

Mark Hutchinson told the workshop: “No market in the world has mobilised the first  三,000MW of offshore wind power in through bidding,” adding it was necessary to implement a fixed-price transition mechanism for the first  四,000MW and then proceed to bid for the remaining  三,000MW for the period up to  二0 三0. 

Bình from T T also said: “ It is the first stage of launching, shaping the development of a new and modern industry in Việt Nam. Therefore, the Government may consider starting with a mechanism to select investors on ​​the basis of capacity, experience, finance to develop and support the industry. It will help shorten the investor selection period, making projects to soon be deployed and put into operation before  二0 三0."