Vietnam

Covid-19 disruption has been cited as the chief culprit as imports from China, Thailand and Vietnam slumped from April to January, but safeguarding duty also appears to have had an impact, with unaffected imports from nations such as Myanmar, Chad and Russia on the rise and Malaysian trade keeping steady.

An ‘explosive’, ‘booming’ global solar market in the second half of a Covid-hit 2020 saw the previous glass manufacturing overcapacity reversed, as float and auto glass producers bent all their efforts on making material for PV modules.

The latest set of clean energy statistics compiled by the International Renewable Energy Agency signal a changing of the guard when it comes to clean power, with legacy hydropower facilities overtaken by new intermittent renewables.

Chinese inverter maker Sungrow revealed a 350 MW solar facility was energized in Loc Ninh County, Binh Phuoc Province. The project secured a FiT of $0.0709 per kWh.

The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.

The renewables business formerly known as Scatec Solar has added a 2.5 GW hydropower portfolio in Asia and sub-Saharan Africa and also added its first wind farm while reporting a consolidated loss of almost $43 million for the year.

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Two 35 MW floating facilities were deployed on the Gia Hoet 1 and Tam Bo irrigation lakes in the Chau Duc district commune of Quang Thanh.

Through the new factory, the company’s total module production capacity will be raised to 6.6 GW. The manufacturing facility will also have a cell capacity of 2 GW.