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The cost of solar power in the US has increased by 20% due to aluminum prices and the Middle East conflict.

The sharp rise in aluminum prices due to supply disruptions in the Middle East is driving up the cost of solar power installations in the US, threatening the profitability of renewable energy projects.

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Middle East conflict drives aluminum prices soaring, adding $5 billion to US solar power costs.

Global aluminum prices have surged due to supply disruptions in the Middle East, driving up the cost of installing solar power mounting systems in the US by 20% and threatening new projects.
Vietnam aims for 30 GW of LNG-fired power generation to ensure energy security before 2026.

With electricity demand growing by 8-9% annually, modernizing LNG infrastructure and transitioning to green technologies have become prerequisites for Vietnam to maintain macroeconomic stability.

Nghe An Province issues plan for electricity saving and rooftop solar power development in 2026.

In order to ensure energy security and achieve sustainable development goals in the context of increasing electricity demand, on April 24, 2026, the Provincial People's Committee issued Plan No. 315/KH-UBND on...
The EU announces a strategy to reduce electricity taxes to respond to the energy shock.

The European Commission plans to cut electricity taxes to 0% and boost gas stockpiles to stabilize the market amid pressure from the conflict in the Middle East.
The EU has announced a strategy to reduce electricity taxes and increase gas reserves to stabilize the market.

The European Commission (EU) has just launched a plan to cut electricity taxes and increase gas reserves to mitigate the impact of energy shocks caused by geopolitical tensions.
The UK is abolishing the carbon tax on electricity production from 2028 to ease pressure on energy prices.

The UK government has decided to abolish the Carbon Support Scheme (CPS) tax from April 2028 in order to curb rising electricity prices and support the cost of living for households.

Adjusting the National Energy Plan 2021-2030: Prioritizing security and a competitive market.
March 20, 2026 19:31

The Ministry of Industry and Trade has just issued Decision 363/QD-BCT adjusting the overall energy plan, focusing on diversifying supply sources and eliminating subsidies through energy prices.
Vietnam calls on Norway to invest $136 billion in renewable energy infrastructure.
February 12, 2026 13:30

Acting Minister of Industry and Trade Le Manh Hung urged Norwegian businesses to increase investment in offshore wind power and green hydrogen, and to finalize the FTA with the EFTA bloc as soon as possible.
Vietnam and the United States are promoting energy cooperation to balance the bilateral trade balance.
February 11, 2026 05:31

Acting Minister of Industry and Trade Le Manh Hung discussed with US Deputy Secretary of Energy James Danly the import of LNG and technological equipment to narrow the trade deficit.
General Secretary To Lam attends the Vietnam-Bulgaria Business Forum.
October 24, 2025 08:30

General Secretary To Lam and President of the Republic of Bulgaria Rumen Radev, along with the high-level Vietnamese delegation and numerous businesses from both countries, attended the forum.
Adapting to natural disasters
October 6, 2025 07:01

Typhoon No. 10 and Typhoon Yagi showed that Vietnam cannot maintain a "post-typhoon relief" mindset, but must shift to "proactive adaptation" from laws, planning, infrastructure to financial mechanisms and...
The President urged the US business community to seize the opportunity and invest more in Vietnam.
September 24, 2025 07:25

As part of the program to attend the High-Level General Debate of the 80th session of the United Nations General Assembly (UNGA), combined with bilateral activities in the United States, on the morning of September 23rd in New York, the Chairman...
Electricity prices: The need for sharing and fairness.
September 11, 2025 08:15

During the years of fighting the COVID-19 pandemic, when global coal and gas prices soared due to geopolitical instability, the State decided to keep electricity prices unchanged to support businesses and...
Nghe An and its potential for clean energy production.
July 31, 2025 10:56

Nghe An province has rich potential for developing clean energy and is actively implementing many large-scale projects to shift its energy structure towards a sustainable, modern, and environmentally friendly direction.
During the summer, the demand for rooftop solar power installation increases sharply in Nghe An.
May 26, 2025 15:26

With the arrival of summer, electricity consumption increases, and many small and medium-sized businesses and households have invested in installing solar panels on their rooftops to supplement their power supply.

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