Vietnam

Contributing to supporting renewable energy development and accelerating BESS scale-up to help streamline the path of Vietnam’s just energy transition

Steering the green energy transition

Galvanizing green energy development and BESS scale-up to help Vietnam become the green hub of Asia.

With increasing energy demand and rapid economic growth, there is an urgent need for renewable energy scale-up in Vietnam. GEAPP’s goal in Vietnam is to support the country’s equitable energy transition, providing technical assistance and access to catalytic financing so it can leapfrog traditional fuel dependence and develop its renewable energy sources. We drive impact by unifying the efforts of diverse stakeholders toward the collective goal of making energy sustainable, accessible, and affordable for all.

Solutions for Vietnam

GEAPP is facilitating cross-sector collaborations to catalyze the transition to renewables and the uptake of new green technologies.

Just Energy Transition

Ensuring the energy transition is just, equitable, and inclusive by focusing on positive impacts for marginalized communities.

Battery Energy Storage Systems (BESS)

Supporting Vietnam’s national goal of developing 300 MW of energy storage by 2030 through the development of the country’s first grid-connected BESS pilot in collaboration with Alliance Partners. The BESS Task Force with the Electricity Regulatory Authority of Vietnam's (ERAV) approval will provide technical assistance for BESS deployment. We are also collaborating with ADB to operationalize the BESS Consortium through the ENABLE platform to mobilize funding and technical assistance for first-wave BESS projects.

2030 Targets

5,700

Jobs enabled through GEAPP interventions

7 million

People with improved access

~1+ GW

Renewable capacity for people and businesses

GEAPP in Action

With a rapidly expanding economy, Vietnam is anticipating a 12%-13% surge in its energy demand by 2025. At the same time, the nation’s high vulnerability to climate change risks necessitates adopting low-carbon development pathways to navigate the dual challenge of sustaining economic growth while mitigating climate change impacts. The green energy transition is not just an environmental imperative but a strategic opportunity for Vietnam to enhance resilience against climate risks, drive economic development, and expand energy access.
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GEAPP’s goal in Vietnam is to mobilize the technical assistance and catalytic financing needed to leapfrog conventional fuels, enabling a just, people-positive transition. We drive impact by unifying the efforts of diverse stakeholders toward the collective goal of making energy sustainable, accessible, and affordable for all.

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