Economic potential of renewable energy in Vietnamʹs power sector

A bottom-up Integrated Resource Planning model is used to examine the economic potential of renewable energy in Vietnamʹs power sector. In a baseline scenario without renewables, coal provides 44% of electricity generated from 2010 to 2030. The use of renewables could reduce that figure to 39%, as well as decrease the sectorʹs cumulative emission of CO2 by 8%, SO2 by 3%, and NOx by 4%. In addition, renewables could avoid installing 4.4 GW in fossil fuel generating capacity, conserve domestic coal, decrease coal and gases imports, improving energy independence and security. Wind could become cost-competitive assuming high but plausible on fossil fuel prices, if the cost of the technology falls to 900 US$/kW.