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Vietnam Eyes Huge Wind and Solar Farms to End Coal Use by 2050

Bloomberg.com · last updated

Vietnam’s government has approved a revised energy policy that calls for massive increases in wind and solar capacity as it seeks to keep pace with growing power demand while ending the use of coal by 2050.

The latest amendments to the Power Development Plan VIII, approved by the government earlier this week, call for the nation to more than double its total generating ability by 2030 from 2023 levels, with the aim of increasing capacity nearly 10-fold by 2050. Officials expect power demand to soar as they aim for economic growth of at least 8% this year and double-digits through the end of the decade.