Solar power

"The World Bank’s support to the government’s effort in shifting from a feed-in tariff (FIT) policy to a competitive bidding mechanism for solar power could be applied to other types of renewable energy in future." … [Read more...] about World Bank offers to resolve Vietnam’s solar power dilemma

This was the biggest renewable energy project in the central region, said Dang Trung Kien, chairman of the Phu Yen TTP JSC, adding that the plant was expected to help boost socio-economic development, ensuring national energy security and generating jobs for local labourers. … [Read more...] about Hoa Hoi solar power plant opens in Phu Yen

In its latest report to the government Tuesday, the MoIT has suggested that solar power projects approved before November 23, 2019 that begin operating before January 1, 2021 should enjoy fixed feed-in-tariffs (FIT) of 7.09 cents a kWh for plants on land and 7.69 cents for floating plants. … [Read more...] about Ministry reverts to old proposal on fixing solar power tariffs

In the letter sent on Tuesday, it said: “Investors of the projects that have been granted investment certificates have spent a lot of time and money on planning, site clearance, preparations for construction and technical design evaluation. Not getting a PPA is an unwanted issue,” adding the previous regulation would slow down a project of those without a PPA. … [Read more...] about MoIT no longer keen on bidding mechanism for solar power price

Earlier on February 12, the World Bank released a new report titled Vietnam Solar Competitive Bidding Strategy and Framework, which was compiled over more than two years in partnership with the government of Vietnam. It said: “Vietnam could boost its portfolio of solar energy from the current 4.5GW to tens of gigawatts in ten years, create thousands of jobs as well as achieve the government’s Nationally Determined Contribution climate change target.” … [Read more...] about VN Industry Ministry no longer keen on bidding mechanism for solar power price