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

Vietnam is on the cusp of an energy transition and aims to more than double the maximum power generated to 150GW by 2030. GEAPP’s goal in Vietnam is to support the country’s equitable energy transition, providing technical assistance and catalytic financing so it can leapfrog fossil fuel dependence and develop its renewable energy sources. GEAPP wants to ensure that access to green energy is affordable, so the energy transition doesn’t add to the financial burden of people and communities. GEAPP is also encouraging the inclusion and empowerment of women leaders in the Vietnamese energy sector.

Solutions for Vietnam

GEAPP is facilitating cross-sector collaborations to catalyse the transition to renewables and the uptake of new technologies such as battery storage

Just Energy Transition

Ensuring the energy transition is just, equitable and inclusive by focusing positive impacts on women, youth and marginalised communities

Battery Energy Storage Systems (BESS)

Deploying Battery Energy Storage Systems to strengthen grids and enable them to rapidly adopt high levels of least-cost, variable renewable energy

Distributed Renewable Energy (DRE)

Accelerating the uptake of distributed renewable energy, to provide fast, clean, cheap power where it is needed most

5,700

Jobs enabled through GEAPP interventions

7 million

People with improved access

~1+ GW

Renewable capacity for people and businesses

GEAPP Climate Leaders Network (CLN)

strives to elevate women’s leadership in the environmental sector, aiming to amplify their impact on Vietnam’s transition to a sustainable, green economy. Targeting senior-level executives, CLN cultivates a community that is not only influential but also capable of driving significant environmental changes within their respective domains.

Why GEAPP?

Vietnam is on the cusp of an energy transition. Having already achieved the major milestone of rapid and total electrification by 2017, it has now pledged to become carbon neutral by 2050. The country has good reason to care about climate change. It is one of the top five most climate vulnerable countries in the world, with more than 3,200km of coastline and many low-lying cities and river deltas. In 2020, it lost $10 billion (3.2% of its GDP) to climate change impacts.

GEAPP’s goal in Vietnam is to support the country’s equitable energy transition, providing technical assistance and catalytic financing so it can leapfrog fossil fuel dependence and develop its renewable energy sources. GEAPP wants to ensure that access to green energy is affordable, so the energy transition doesn’t add to the financial burden of people and communities.

How we work

GEAPP in Action

With a strong commitment to move away from fossil fuels, Vietnam is ready to ramp up renewable energy on a massive scale and build green manufacturing capacity to take advantage of carbon taxation regulations in critical export markets.

GEAPP’s work in Vietnam officially launched in February 2022 with Deputy Prime Minister Tran Hong Ha. GEAPP has since signed MOUs with several relevant ministries and government entities and has been working on providing technical and financial support to help smooth the path of Vietnam’s just energy transition, making this breakthrough story as seamless and profitable as possible.

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