The share of electricity generated by solar in Vietnam increased from practically nothing to nearly 11% in the four years to 2021. That is a bigger share than larger economies such as France or Japan have managed
Save time by listening to our audio articles as you multitaskIn the four years to 2021, the share of electricity generated by solar in Vietnam increased from practically nothing to nearly 11%. Not only was this a faster rate of increase than almost anywhere else in the world. It is a bigger share than larger economies such as France or Japan have managed. By last year, Vietnam had become the world’s tenth-biggest producer of solar power.
Reforms making it easier for foreign investors to do business in Vietnam have helped, too. So has ending the monopoly of Vietnam Electricity , the state energy firm, on domestic generation. By contrast, foreign investors in other South-East Asian countries often find themselves draped in red tape, and must compete against domestic fossil-fuel firms, which enjoy chunky subsidies.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South America’s cold snap eases and Agatha moves towards FloridaAnalysis: first Pacific hurricane of season was made stronger by unusually warm sea surface temperatures
Read more »
China’s e-sports players are challenging South Korea’s dominanceE-sports have a special place in South Korean youth culture. Games are not just fun, but a source of national pride
Read more »
Shell's Jackdaw gas field given go-ahead by regulatorsThe UK government is seeking to boost domestic energy output following Russia's invasion of Ukraine.
Read more »
How Europe plans to cope as Russia cuts off the gasSwitching to liquefied natural gas from America and Asia will require hefty investment
Read more »