VietinbankSC: VN’s renewable energy sector may reach $714B
The value of the Vietnamese renewable energy sector may reach $ 714 billion and it may keep developing for at least 25 years, Vietinbank Securities JSC ( VietinbankSC ) said in a report .
The value of the solar and wind power sub-sectors may be up to $ 280 billion and $ 434 billion, respectively, the company said .
The industry has room for development, VietinbankSC said, adding that baron production is projected to grow powerfully in the next 25 years and report for 30.8 per penny of national baron output signal in 2045 .
At the consequence, renewable department of energy accounts for 12 per penny of the total output .
The cost of production recorded by renewable energy plants is decreasing aggressively, specially solar farms, allowing companies in the industry to compete with oil and gas-used power producers, the company said .
VietinbankSC said the renewable energy sector would be a likely investment aim for construction firms, office distributors and banks .
“ The renewable energy sector will grow at an annual rate of 20 per cent in the next 10 years, doubling the might sector ’ randomness average increase rate of nine per cent, ” the company calculate .
In 2020-2030, the measure of the solar power market will grow 12.8 per cent each class and that of the weave might market will increase by 34.2 per cent each class.
VietibankSC said : “ The main argue behind such a fast growth rate is the government ’ sulfur attempts to become less dependent on thermal and coal power, switching to solar and hoist office .
“ Renewable energy production may surpass ember exponent end product in 2030, ” the company projected .
Vietnam is on course to face the deficit of baron in the coming years. meanwhile, the dense implementation of thermal might projects will affect the supply in the short-change term .
therefore, the demand for solar and wind baron will increase as those projects are time-saving and cost-saving .
The brokerage house firm said : “ We believe the government will give precedence to the renewable energy sector to support the state ’ sulfur socio-economic development amid the coming dearth of power add .
“ Power pulmonary tuberculosis will rise by 10.5 per cent on average each class from 2020 to 2030. The dearth of world power will peak in 2023 but decline gradually when big suppliers come into operation. ”
Listed companies involved in the renewable energy sector have seen their shares leap in recent months.
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Bamboo Capital JSC shares ( HoSE : BCG ) have soared closely 40 per penny in the last three months to 7,890 ding ( $ 0.34 ) each on Thursday .
Sao Mai Group shares ( HoSE : ASM ) gained a much as 110 per cent in more than two months to 10,250 dong each early last month before sliding to 9,140 dong on Thursday .
VIET NAM NEWS/ASIA NEWS NETWORK