June 5 (Renewables Now) - Vietnam intends to lift more than threefold the amount of its renewables generation by 2030 in an effort to cut dependence on coal, Reuters reports, citing prime minister Nguyen Xuan Phuc.
In line with the plan to lower the use of coal products by 40 million tonnes by 2030, the Asian country will also strive to boost by 12% household solar power usage by 2020 and 26% by 2030, the prime minister told Reuters prior Vietnam’s participation in a G7 summit in Canada.
Although solar panel installation is not widespread and just 4.3% of the homes were equipped with solar, the technology will receive a major push as part of the strategy, and solar, as previously announced, is planned to account for 1.6% of Vietnam’s total power production by 2020 and for 3.3% by 2030.
Overall, the country intends to reach a renewables generation of 101 billion kWh by 2020 and 186 billion kWh by 2030, compared to around 58 billion kWh in 2015. The new plan also calls for it to utilise around 20 million tonnes of rare earth mineral reserves, which are widely used in the wind industry, batteries and solar photovoltaics.