Wartsila: Vietnam could save billions by 2050 with carbon-neutral power

Wartsila

According to Finnish technology group Wärtsilä, Vietnam could save up to €26 billion annually by transitioning to a carbon-neutral electricity system by 2050.

Wärtsilä, a global leader in technology solutions for the energy and marine sectors, emphasizes the importance of focusing on renewable energy as part of the country’s goal to achieve net-zero emissions.

To reach this goal, Vietnam must prioritize flexible power plants that can quickly adjust capacity and balance the energy supply. Wärtsilä recommends that Vietnam implement flexible technologies and upgrade transmission systems to ensure the stable and sustainable operation of the grid.

“By adopting flexible energy systems and expanding renewable sources, Vietnam can significantly reduce costs while meeting its ambitious environmental targets,” said Pham Minh Thanh, Wärtsilä’s country director for Vietnam.

Vietnam has already taken steps toward this goal by setting higher renewable energy targets in its latest energy plan, signaling a positive shift toward a sustainable energy future.

Source: Tuoi Tre News

About Miriam Soukaina Nenni

Miriam Nenni is a journalist working with ScandAsia at the headquarters in Bangkok.

View all posts by Miriam Soukaina Nenni
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