Renewable energy fair to be held in Hanoi next March

Vietnam's National Agency for Science and Technology Information will collaborate with Germany's International Exhibition and Fair Service Company to organise a renewable energy fair in Hanoi next March.

About 200 booths will feature information about technologies and equipment for solar energy, wind energy, hydro-electric power, bio energy, geothermal energy and the conversion and transmission of renewable energy the 2nd International Exhibition on Renewable and Decentralised Energy Solutions .

A conference discussing methods to export renewable energy will be held on the sidelines of the event. Renewable energy will account for 4.5 percent of the nation's total power supply by 2020 and 6 percent in 2030, according to a 10-year national power development plan approved by the Prime Minister.

Modern technologies, adequate Government incentives and reasonable production costs will help facilitate the development of renewable energy in Vietnam, according to the Deputy Head of the National Agency for Science and Technology Information, Le Thi Khanh Van.

But despite the country's huge potential for renewable energy development, domestic and foreign enterprises are hesitant to invest in the sector because it has higher production costs than traditional energy, she said.

"The three-day expo will be a good chance for Vietnamese universities, organisations and businesses to seek cooperation and update their knowledge on advanced technologies and solutions for renewable energy," Van said.

"The event will also offer Vietnam a valuable opportunity to introduce its renewable energy advantages and potential to domestic and foreign investors," she added.