JavaScript is off. Please enable to view full site.

USAID launches $36mn project to boost clean energy development in Vietnam

USAID launches $36mn project to boost clean energy development in Vietnam

Monday, June 06, 2022, 14:57 GMT+7
USAID launches $36mn project to boost clean energy development in Vietnam
A solar farm built with technical support from the U.S. Agency for International Development (USAID) in Binh Thuan Province, Vietnam. Photo: USAID

The U.S. Agency for International Development (USAID) launched last week a US$36 million project to help promote the use of clean energy in Vietnam.

U.S. Ambassador Marc Knapper joined Vietnamese Deputy Minister of Industry and Trade Dang Hoang An and USAID Mission Director Ann Marie Yastishock to launch the flagship clean energy project at a conference in Hanoi on Friday, the USAID said in a press release.

U.S. Vice President Kamala Harris first announced the project during her visit to Vietnam in August 2021.

Named Vietnam Low Emission Energy Program II (V-LEEP II), the $36 million project builds on the success of V-LEEP I, which ran from 2015 to 2020.

V-LEEP II will continue its work with Vietnam’s Ministry of Industry and Trade to increase clean energy deployment, through mobilization of private sector investment, project design support for developers, and technical assistance for lenders.

The new project aims to support 2,000 megawatts of renewable energy commissioned between 2020 and 2025 through private sector engagement.

The USAID and Vietnamese government will also continue collaboration to improve energy planning and operation practices to enhance energy sector performance.

“The U.S. government is proud to be a partner to Vietnam in its clean energy transition journey,” Ambassador Knapper said at the event. “This USAID V-LEEP II program will be a cornerstone of U.S. support to Vietnam in achieving your climate change commitments.”

“Through V-LEEP II, USAID will continue to support Vietnam’s transition to a clean, secure, and market-based energy sector,” said USAID Mission Director Yastishock. 

Through V-LEEP I and continuing with V-LEEP II, USAID supports Vietnam in designing and implementing a strategic plan as the country moves away from a coal-based power system to a greener, cleaner system based on renewable energy and natural gas.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news