Vietnam Low Emission Energy Programme II officially launched

The Vietnam Low Emission Energy Programme II (V-LEEP II) has been officially launched.

The program worth 36 million USD was kicked off in Hanoi amid the presence of Vietnamese Deputy Minister of Industry and Trade Dang Hoang An.

This program is funded by the US Agency for International Development (USAID). This energy program is followed by the success of V-LEEP I carried out between 2015 and 2020, as per the authorities.

The V-LEEP I was a huge success in coordination with the private sector.

As per the project, it had contributed to the mobilization of around 311 million USD to successfully develop wind and solar power projects with a combined capacity of 300 MW.

It has been reported that the "V-LEEP II will support the financial mobilisation for 2,000 MW of renewable energy and 1,000 MW of gas-fueled power to reduce 59 million tonnes of CO2."

As per the officials, this new initiative will work to "provide cooperation, training, and capacity building activities, as well as tools to support the management and implementation of technology planning, connection and transfer for power production and management."