He said the wind potential in Viet Nam had not been fully tapped due to difficulties in geographical conditions, technology and high and fluctuating development costs.
The highest level of development costs was US$2.77 million per MW while the lowest was only $1.77 million per MW; the average investment to produce 1MW was US$2.2 million.
To date, there were 21 wind farm projects under way that could produce enough electricity to connect to the grid. Those wind farm projects were centred in the central provinces of Binh Thuan, Ninh Thuan, Binh Thuan and Lam Dong. Hai said the licence granting procedure was still spontaneous and unplanned.
Hai requested that the new policy mechanisms had to clearly specify preferential treatment to help investors develop feasible wind farm projects. There should be policies to subsidise electricity, tax and land fees, notably the establishment of a renewable energies support fund.
A new mechanism should create a consistent legal framework for wind power in particular and renewable energy in general to act as a foundation for localities to refer to when faced with new wind farm project proposals.