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ECONOMIC Potential of Renewable Energy in Vietnam's Power Sector

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  • Nguyen, Thanh Nhan
  • Ha-Duong, Minh

Abstract

A bottom-up Integrated Resource Planning model is used to examine the economic potential of renewable energy in Vietnam’s power sector. In a baseline scenario without renewables, coal provides 44% of electricity generated from 2010 to 2030. The use of renewables could reduce that figure to 39%, as well as decrease the sector’s cumulative emission of CO2 by 8%, SO2 by 3%, and NOx by 4%. In addition,renewables could avoid installing 4.4GW in fossil fuel generating capacity, conserve domestic coal,decrease coal and gases imports, improving energy independence and security. Wind could become cost-competitive assuming high but plausible on fossil fuel prices, if the cost of the technology falls to 900 US$/kW.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 21173.

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Date of creation: 20 Oct 2008
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Publication status: Published in Energy Policy 5.37(2009): pp. 1601-1613
Handle: RePEc:pra:mprapa:21173

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Keywords: Integrated resource planning; Renewable energy; Electricity generation;

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References

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  1. Chitru S. Fernando & Paul R. Kleindorfer & Mohan Munasinghe, 1994. "Integrated Resource Planning with Environmental Costs in Developing Countries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 93-122.
  2. Tanatvanit, Somporn & Limmeechokchai, Bundit & Shrestha, Ram M., 2004. "CO2 mitigation and power generation implications of clean supply-side and demand-side technologies in Thailand," Energy Policy, Elsevier, vol. 32(1), pages 83-90, January.
  3. Nguyen, Khanh Q., 2007. "Impacts of wind power generation and CO2 emission constraints on the future choice of fuels and technologies in the power sector of Vietnam," Energy Policy, Elsevier, vol. 35(4), pages 2305-2312, April.
  4. Hobbs, Benjamin F., 1995. "Optimization methods for electric utility resource planning," European Journal of Operational Research, Elsevier, vol. 83(1), pages 1-20, May.
  5. Voivontas, D. & Assimacopoulos, D. & Mourelatos, A. & Corominas, J., 1998. "Evaluation of Renewable Energy potential using a GIS decision support system," Renewable Energy, Elsevier, vol. 13(3), pages 333-344.
  6. Shrestha, Ram M & Shrestha, Rabin & Bhattacharya, S C, 1998. "Environmental and electricity planning implications of carbon tax and technological constraints in a developing country," Energy Policy, Elsevier, vol. 26(7), pages 527-533, June.
  7. Nguyen, Khanh Q., 2007. "Wind energy in Vietnam: Resource assessment, development status and future implications," Energy Policy, Elsevier, vol. 35(2), pages 1405-1413, February.
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Citations

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Cited by:
  1. Nhan Thanh Nguyen & Minh Ha-Duong, 2009. "The potential for mitigation of CO2 emissions in Vietnam's power sector," Post-Print halshs-00441085, HAL.
  2. Nhan Thanh Nguyen & Minh Ha-Duong & Sandra Greiner & Michael Mehling, 2011. "Implementing the Clean Development Mechanism in Vietnam: potential and limitations," Post-Print halshs-00654294, HAL.
  3. Ghorbani, Afshin & Rahimpour, Hamid Reza & Ghasemi, Younes & Zoughi, Somayeh & Rahimpour, Mohammad Reza, 2014. "A Review of Carbon Capture and Sequestration in Iran: Microalgal Biofixation Potential in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 73-100.
  4. Bazmi, Aqeel Ahmed & Zahedi, Gholamreza, 2011. "Sustainable energy systems: Role of optimization modeling techniques in power generation and supply—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3480-3500.

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