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At the end of 2018, hydropower was the largest source of renewable energy, contributing about 40% to the total national electricity capacity. [2] In 2020, wind and solar had a combined share of 10% of the country's electrical generation, already meeting the government's 2030 goal, suggesting future displacement of growth of coal capacity. [3]
Vietnam had the fastest growth in coal use in Southeast Asia during 2011-2021, at an annual growth rate of 11%. [4]Data of the Ministry of Industry and Trade (MOIT), 10 months of 2018 coal production was estimated at 34.35 million tons, up 10% over the same period in 2017, of which clean coal output of Vinacomin (TKV) was 29.6 million tons, up 10.9% over the same period last year. [5]
Indonesia has an estimated potential of 29 GW of geothermal energy resources, the largest in the world; in 2017, its installed capacity was 1.8 GW. Geothermal power is considered to be a sustainable, renewable source of energy because the heat extraction is small compared with the Earth's heat content. [7]
Geothermal energy has been exploited as a source of heat and/or electric power for millennia. Geothermal heating, using water from hot springs, for example, has been used for bathing since Paleolithic times and for space heating since Roman times. Geothermal power (generation of electricity from geothermal energy), has been used since the 20th ...
11/12/2020 Vietnam Renewable Energy JSC Operation [134] Phu My 1 My Thang and My An commune, Phu My district, Binh Dinh province Bình Dinh 100 144 14/12/2020 Clean Energy Vision Development JSC Operation Phu My 2 My Thang and My An commune, Phu My district, Binh Dinh province Bình Dinh 93.8 110 27/12/2020 Clean Energy Vision Development JSC
Geothermal energy is a type of renewable energy that encourages conservation of natural resources. According to the US Environmental Protection Agency , geo-exchange systems save homeowners 30–70 percent in heating costs, and 20–50 percent in cooling costs, compared to conventional systems. [ 29 ]
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Especially, Northwestern Vietnam is the most prospective region for geothermal exploration and development. [3] Dr. Doan Van Tuyen from the Institute of Geological Sciences of the Vietnamese Academy of Science and Technology commented, "Compared with the rest of the world, Vietnam has medium potential for geothermal energy development.