Thomas Jakobsen has been operating in the Vietnam market for some two decades, with most of his time in renewable energy. This year has been one to remember for him.
In lockstep, the Vietnam government had approved a corporate green power purchasing scheme in summer, and followed up with clarifying regulations. A revamp of an overarching electricity law last month signalled a further opening up of the state-managed sector to private investors.
Jakobsen, managing director of Indochina Energy Partners, a Singapore-based renewable power producer and developer, said he was “very happy” with the tempo of regulations, which is “as good as I have seen in 20 years in Vietnam”.
Many of his peers could share the sentiments, following whirlwind yesteryears. Renewables developers rushed in on high public procurement prices in 2018, making the country Southeast Asia’s…
