Vietnam Launches First Agri-PV Project to Boost Farmers’ Incomes and Support Energy Transition

Mainland Southeast Asia’s wind energy growth is uneven: Vietnam leads with ambitious offshore projects, Thailand eyes 7GW expansion, Laos exports from the Monsoon project, Cambodia starts farms despite challenges, and Myanmar’s conflict-linked rare earths complicate turbine supply chains.

Indonesia’s state utility PLN is prioritizing natural gas as a bridging fuel, expanding capacity by 9.3 GW despite high costs, underused plants, and declining reserves. Critics warn this risks fossil fuel lock-in, subsidies, and diverting resources from renewables.

Korea and Vietnam signed renewable energy cooperation agreements during a bilateral summit, strengthening ties in solar, wind, and storage projects. Additional MOUs cover nuclear energy human resource development and critical mineral supply chains. Backed by a USD 12 million program, the initiatives aim to accelerate Vietnam’s energy transition and deepen economic partnership.

Vietnam’s direct power purchase agreement (DPPA) model is advancing as corporates adopt green energy. VinEnergo will supply rooftop solar-plus-storage systems to Vingroup factories, while KN Holdings and Samsung C&T plan 864 MW floating solar projects. Both initiatives highlight DPPA’s growing role in driving Vietnam’s corporate decarbonization and net-zero ambitions.