{"id":48613,"date":"2019-12-18T18:21:23","date_gmt":"2019-12-18T16:21:23","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=48613"},"modified":"2019-12-18T18:21:23","modified_gmt":"2019-12-18T16:21:23","slug":"gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/","title":{"rendered":"GIF earmarks $1.5 m for Vietnam\u2019s 1st solar auction program"},"content":{"rendered":"<p style=\"direction: ltr;\">The\u00a0<a href=\"https:\/\/www.globalinfrafacility.org\/\">Global Infrastructure Facility\u2019s<\/a>\u00a0(GIF) allocated $1.5 million for establishing Vietnam\u2019s first Solar Pilot Auction Program.<\/p>\n<p style=\"direction: ltr;\">The program is implemented by the World Bank in tandem with the Government of Vietnam.<\/p>\n<p style=\"direction: ltr;\">The GIF, working with the World Bank\u2019s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in tariff regime, to a sustainable competitive auction scheme for solar generation.<\/p>\n<p style=\"direction: ltr;\">The program will help to address Vietnam\u2019s increased demand for energy and promote inclusive growth by strengthening the enabling environment for the private sector.<\/p>\n<p style=\"direction: ltr;\"><em>\u201cWe are working closely with the government to bring more private resources to the energy sector where the needs are huge and urgent,\u201d\u00a0<strong>said Ousmane Dione, World Bank Country Director for Vietnam.<\/strong><\/em>\u00a0 \u201c<em>GIF\u2019s support comes at a critical time to help the country overcome multiple remaining obstacles to further develop solar power, including financing and risk allocation.\u201d<\/em><\/p>\n<p style=\"direction: ltr;\">The Solar Competitive Bidding Program by the Ministry of Industry and Trade is part of the government\u2019s broader efforts to accelerate investments in energy efficiency and renewable energy to increase the country\u2019s diversification of electricity generation and reduce CO2 emissions. The country aims to bring 12 GW of solar energy onto the grid by 2030.<\/p>\n<p style=\"direction: ltr;\"><em>\u201cThis would be the first solar auction program to be implemented in Vietnam, which would have large scale replicability. We are pleased to support the Government of Vietnam as they mobilize private financing through standardized, transparent, and programmatic approaches<\/em>,\u201d<em>\u00a0<\/em><strong>said Jason Lu, Head of the GIF.<\/strong><\/p>\n<p style=\"direction: ltr;\">While Vietnam\u2019s economic outlook remains robust, with a forecast of\u00a0<a href=\"https:\/\/www.worldbank.org\/en\/country\/vietnam\/overview\">6.5 percent growth in 2020 and 2021<\/a>, it faces many challenges in meeting its infrastructure needs, particularly in the energy sector that faces growing demand. Vietnam is actively seeking to attract private investment and use more public-private partnerships in the energy sector, but needs to adapt its current framework to enable competitive selection of independent power producers and minimize the cost of solar generation. With the support of the World Bank and the GIF, the government is developing competitive bidding schemes to deploy utility-scale solar PV.<\/p>\n<p style=\"direction: ltr;\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-48618\" src=\"https:\/\/www.csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546-300x142.jpg\" alt=\"\" width=\"300\" height=\"142\" srcset=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546-300x142.jpg 300w, https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546-620x293.jpg 620w, https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546.jpg 750w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Global Infrastructure Facility\u2019s\u00a0(GIF) allocated $1.5 million for establishing Vietnam\u2019s first Solar Pilot Auction Program. The program is implemented by the World Bank in tandem with the Government of Vietnam. The GIF, working with the World Bank\u2019s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":48618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6325,7744,7482,7743,6097],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GIF earmarks $1.5 m for Vietnam\u2019s 1st solar auction program - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIF earmarks $1.5 m for Vietnam\u2019s 1st solar auction program - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Global Infrastructure Facility\u2019s\u00a0(GIF) allocated $1.5 million for establishing Vietnam\u2019s first Solar Pilot Auction Program. The program is implemented by the World Bank in tandem with the Government of Vietnam. The GIF, working with the World Bank\u2019s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Csr Egypt\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/csregypt\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-18T16:21:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"354\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marwa Zein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:site\" content=\"@egyptcsrforum\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marwa Zein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\"},\"author\":{\"name\":\"Marwa Zein\",\"@id\":\"https:\/\/csregypt.com\/#\/schema\/person\/5df2c73ec5c5eaada424a85f98cd7bec\"},\"headline\":\"GIF earmarks $1.5 m for Vietnam\u2019s 1st solar auction program\",\"datePublished\":\"2019-12-18T16:21:23+00:00\",\"dateModified\":\"2019-12-18T16:21:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\"},\"wordCount\":358,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/csregypt.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/csregypt.com\/wp-content\/uploads\/2019\/12\/1395244835546.jpg\",\"keywords\":[\"#Climate Change\",\"#GIF\",\"#Solar Energy\",\"#Vietnam\",\"#\u064bWorld Bank\"],\"articleSection\":[\"news\",\"Sustainable Development\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\",\"url\":\"https:\/\/csregypt.com\/en\/gif-earmarks-1-5-m-for-vietnams-1st-solar-auction-program\/\",\"name\":\"GIF earmarks $1.5 m for Vietnam\u2019s 1st solar auction program - 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