The Global Wind Energy Council (GWEC) has signed three MOUs with regional partners, in order to support and accelerate the growth of wind energy in South East Asia, with a focus on Vietnam and Thailand.
The agreements were signed with: Sustainable Energy Association of Singapore (SEAS); Binh Thuan Wind Energy Association (BWEA); and Thai Wind Energy Association (ThaiWEA).
Vietnam is expected to install more than 1GW of onshore wind power capacity over the next five years, and has a promising offshore wind sector, according to GWEC Market Intelligence. Thailand with 1500MW projects in pipeline of onshore wind is championing the South East Asia market. While these markets have strong fundamentals for renewable energy, they still face challenges such as permitting, bankability of PPAs and local capacity for financing.
The MOUs signed:
- Recognise the mutual interests of each organisation in upscaling wind energy and promoting its role in sustainable development;
- Facilitate cooperation in the field of wind energy development, with a view to establishing positive policy environments and an acceleration pathway for wind power in the region, and particularly Vietnam and Thailand;
- Support the development of technical activities, joint publications and other initiatives.