USAID launched the project as it seeks to increase private sector investment and improve operational performance in Vietnam’s energy sector.
The project is known as the Vietnam low emission energy programme II (V-LEEP2). USAID will work with Vietnam’s ministry of industry and trade (MOIT) to increase clean energy deployment by mobilising private sector investment and providing project design support for developers and technical assistance for lenders.
USAID will help to design, finance, build and operate the resulting clean energy generation projects, with the goal of supporting up to 2GW of renewable energy between 2020 and 2025.
The scheme follows the V-LEEP I which ran from 2015 to 2020. Under V-LEEP I, USAID worked with the MOIT on Vietnam’s Power Development Master Plan VIII (PDPVIII) and the design of the Direct Power Purchase Agreement (DPPA) pilot programme, which…
USAID launches clean energy investment scheme in Vietnam
