This study assesses key barriers to offshore wind power (OWP) development in Vietnam and policy options for the development of the sector. A survey of 39 experts from government agencies, research institutions, industry, and civil society plus 22 follow-up interviews were conducted over Januaryâ€“September 2021, coupled with a broader analysis of key barriers and policy options. The analysis finds that an underdeveloped policy environ- ment, incomplete procedures, and infrastructure and supply chain immaturity are key current barriers to OWP development in Vietnam. Recommended policy measures include: 1) setting a clear vision and ambitious target for OWP development, 2) adopting a renewable portfolio standard while charting the way for a move from feed- in tariffs to reverse auctions, 3) clarifying that OWP project developers are to self-connect to onshore grids, and 4) developing a streamlined leasing and licensing process within an integrated overall electricity and marine policy. If enabled by well-designed policy, OWP has the potential to play a key role in Vietnamâ€™s emission reduction and energy availability efforts.
|Publication status||Published - 2022|