A cluster of seven wind turbines towering above shrimp ponds and banana trees in Vietnam's Ben Tre province should have been feeding clean power into the grid by now. They have sat idle for months and become a symbol of the red tape that is plaguing the development of green electricity in the country.
One of the 60 delayed projects across the country is the stalled wind farm in the Mekong Delta region. There are 3.5 gigawatts of potential energy in turbines that have been built but are still under construction. That is enough to power 4.4 million households in the fast-developing economy, which has become a manufacturing base for the likes of Apple and Samsung Electronics Co.
Vietnam is an ideal location for renewable investment. Its long coastline facing the South China Sea means it is blessed with the best wind resource in Southeast Asia, while there is no shortage of demand. As living standards rise, energy consumption is surging, and multinationals with factories are keen to decarbonize.
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