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Vietnam

NINH THUAN, VIETNAM – Conergy, Southeast Asia’s leading downstream solar specialist, today announced their selection as the EPC contractor for a 30 MWp solar photovoltaic (PV) power project in the south central coastal region of Vietnam, representing the first phase of a 300-MW clean energy pipeline. Local government officials, Conergy executives and investors held a ground-breaking ceremony today for 80 guests.

The solar plant, planned for nearly 400,000 square meters, will be located in Ninh Thuan province and is being built by Conergy on behalf of investment firms from Vietnam and the Philippines.

The project investors include the BIM Group, headquartered in Vietnam and AC Energy from the Philippines.

Read more: Conergy announces its first solar farm in Vietnam

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Climate change threatens Vietnam’s economic transformation. Quick action could prevent the worst of the damage.

Image Credit: Flickr/ katiebordner

Since introducing economic liberalization reforms in the 1980s, Vietnam has steadily been reconstructing its fledgling economy from the ruins of the long-running war that consumed the Indochina Peninsula for almost two decades. Over the last 30 years, the Doi Moi market reforms have propelled Vietnam to the forefront of regional trade, paving the way for economic overhaul through increased trade partnerships and integration into the global political economy. However, for a nation heavily dependent on the agricultural industry for national growth, climate change threatens to undermine decades of economic progress by seriously threatening water, food, and energy security, and thus, Vietnam’s newfound strength.

Read more: Mitigating the Effects of Climate Change in Vietnam

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A man rides a boat along the overflowing Thu Bon river in Hoi An after typhoon Damrey hits Vietnam: the effects of climate change are intensifying extreme weather events in the country (photo: Kham/Reuters/Newscom)

By 2100, climate change could impact more than 12 percent of the Vietnamese population and reduce growth by 10 percent. The Vietnamese government considers the response to climate change a vital issue and has implemented environmental policies to better cope with these risks.

But the country—which has relied heavily on fossil fuels and overexploitation of natural resources—needs to further adapt its economy toward a more sustainable and eco-friendly growth model.

Read more: For Vietnam, Greener Growth Can Reduce Climate Change Risks

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