Energy is one of essential human needs and an indispensable input of economic activity.
As the living standards of the people are high, the level of production of the economy is increasingly modern, the demand for energy is also increasing, and satisfying this demand is really a challenge for almost every nation.
The race to exploit fossil fuels at all costs of human beings is reaching the limits of nature's endurance, causing living environment polluted and climate change, leading unstable for the social security and becoming one of the global non-traditional security issues, threatening the survival of humanity.
Being aware of this, many countries around the world have been switching from fossil fuel to renewable energy to sustainable development. In many areas, electricity from renewable energy projects is equivalent to electricity from fossil fuel projects, breaking the limit that we believe it is impossible.
Currently, in Europe, nearly 50% of new power development projects are wind power projects. In China, the most populous country, in March, the government shut down its last coal-fired power plant in Beijing to switch to renewable electricity and electricity generated by gas.
According to the latest IEA report, globally, in 2016, investment in wind and solar power has doubled in fossil-fuel electricity. Also according to this report, it is estimated that wind, solar and gas power will completely replace coal power in the next 25 years.
In Vietnam, the rise of the economy since Renovation has spurred demand for electricity while supply capacity has not developed in time.
The Ministry of Industry and Trade has forecasted average growth rate of electricity production in Vietnam in the period 2016 - 2020 of 10.7% per year and in the period 2021-2025 of 8.6% per year.
And to meet the growing demand for energy while the energy supply is going to be faced with many challenges, the Vietnam Government assesses the exploitation and use of renewable energy sources is particularly significant and strategic in terms of both socio-economic aspects, national security and defense, energy security and sustainable development, minimizing environmental impacts.