Vietnam will allow major factories to purchase electricity from renewable sources, helping them meet climate goals and easing grid pressure.
Aniruddha Ghosal reports for The Associated Press.
In short:
- Vietnam approved Direct Power Purchase Agreements (DPPAs) allowing factories to buy energy directly from wind and solar producers.
- This move aids companies like Samsung and Apple in meeting climate commitments and encourages new renewable energy projects.
- The policy aims to reduce reliance on fossil fuels and improve Vietnam's energy grid stability.
Key quote:
"We can expect more renewable energy capacities installed if this scheme is successful."
— Dinita Setyawati, Senior Electricity Policy Analyst for Southeast Asia at Ember
Why this matters:
Allowing direct clean energy purchases supports global corporate climate goals and boosts renewable energy development in Vietnam, providing a model for other countries to follow.
