Vietnam to let big companies buy clean energy directly

Vietnam will allow major factories to purchase electricity from renewable sources, helping them meet climate goals and easing grid pressure.

Aniruddha Ghosal reports for The Associated Press.

In short:

• Vietnam approved Direct Power Purchase Agreements (DPPAs) allowing factories to buy energy directly from wind and solar producers.
• This move aids companies like Samsung and Apple in meeting climate commitments and encourages new renewable energy projects.
• The policy aims to reduce reliance on fossil fuels and improve Vietnam's energy grid stability.

Key quote:

"We can expect more renewable energy capacities installed if this scheme is successful."

— Dinita Setyawati, Senior Electricity Policy Analyst for Southeast Asia at Ember

Why this matters:

Allowing direct clean energy purchases supports global corporate climate goals and boosts renewable energy development in Vietnam, providing a model for other countries to follow.