Will AES develop a CCGT power plant in Binh Thuan?

AES signed an MOU with the Ministry of Industry and Trade to develop a $1.8 billion 2.2GW CCGT Power Plant under the BOT scheme in Binh Thuan Province. AES Vietnam and PV GAS Ink Term Sheet of the Joint Venture Agreement for Son My LNG Terminal in November 2020.

How has AES changed the energy sector?

From its founding and to today, AES has led lasting positive change in the energy sector based on its stakeholders’ most critical needs.

When was Applied Energy Services founded?

The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon. The company was initially a consulting firm; it became AES Corporation, which went public in 1991.

What will Vietnam's power development plan look like in 2050?

Under Vietnam's Power Development Plan VIII, the country is looking to phase out coal-fired power generation by 2050 and increase solar power installed capacity to account for 34%, up from 23% in 2022. The Power Development Plan also forecasts that energy storage will increase to 300 MWh by 2030 and 26 GWh by 2050.

Is applied energy services a good company?

AES Ranks in the Top Ten of Fast Company's 2022 Best Workplaces for Innovators. The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon.

Is solar energy the right choice for Vietnam?

“Solar energy is the right choice for Vietnam because it's proven technology that can be quickly and readily deployed, even in challenging sites,” she adds. Vietnam's transition to renewable energy comes as the country's electricity needs continue to increase due to strong economic growth projected at 5-7% per annum over the coming years.