New solar FiTs in Vietnam to depend on location, type of system

Intel Solar Installation Vietnam. Author: Intel Free Press.

March 1 (Renewables Now) - The Ministry of Industry and Trade (MOIT) of Vietnam is planning to introduce a new solar feed-in tariff (FiT) programme from July 1, 2019 that will offer different rates depending on the location and type of installation.

An updated draft has been released last month, under which rooftop solar systems will be getting tariffs as high as USD 0.1087 per kWh, while floating, ground-mounted and solar-plus-storage installations can get between USD 0.0667 and USD 0.0944 per kWh. These compare to a FiT of USD 0.0935 per kWh under the existing FiT scheme, in force till the end of June.

The next FiT programme is planned to be in effect for two years, till June 30, 2021, under the draft. The power supply contracts secured under it would have terms of 20 years.

The Electricity and Renewable Energy Authority will be accepting feedback on the draft by April 15, 2019. A detailed overview by Law firm Baker Mckenzie is available here: https://www.bakermckenzie.com/en/insight/publications/2019/02/update-new-draft-policy-vietnam

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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