Discovered Markets works with businesses solving some of the world's most pressing problems. This blog is a part of a series of posts covering energy issues and what businesses are doing about it.
What’s the deal with wind and solar energy? Let’s talk about it.
By 2024, Southeast Asia’s cumulative solar photovoltaic capacity is expected to triple to 35.8 Gigawatts, thus making it one of the fastest growing solar energy markets.
In particular, Vietnam’s renewable energy has increased and only continues to. Vietnam hopes to produce 23% of their total power from renewable sources by 2025. They have a coastline of over 2112 miles with high potential for many wind energy and solar energy projects. In fact, 80 wind projects are registered with the Ministry of Industry and Trade and should be operational by 2021 (depending on how their momentum is affected by the COVID-19 pandemic).
Goldwind, an elite wind turbine supplier and energy solutions provider, has been expanding in Vietnam by making sustainable and renewable energy and high-quality services accessible to local communities.
With new wind projects starting, Goldwind plans to strengthen the localization of microgrids in the country and take advantage of the benefits of production and supply in China. Their ultimate goal is to further empower Vietnam’s local economy.
There is an abundance of opportunities in Southeast Asia in the realm of wind and energy. Is this a space your company fits into or an investment opportunity for your fund? Reach out to find out how you can fit into this exciting sector.