During the meeting, the delegates underscored the pivotal role of green hydrogen energy (GH2) in the power sector. GH2 is necessary for the country’s energy transition, especially in scenarios where renewable energy faces curtailment due to the excess of solar and wind generation and the inflexibility of the current power system. However, the lack of a clear definition of GH2 in power market design and the absence of essential mechanisms impede the industry’s progress.
The delegates proposed leveraging mechanisms like Just Energy Transition Partnership (JETP) to provide Viet Nam with technical and financial support, thereby fostering the growth of the industry.
The meeting involved the participation of seven German enterprises operating in the energy sector in Viet Nam and GIZ experts.
Date
January 24, 2024
Location
Ho Chi Minh, Vietnam
Contact Person
Markus Bissel