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Final draft decision on solar power feed-in-tariffs

On 19 September 2019, the Ministry of Industry and Trade of Vietnam (MOIT) submitted to the Prime Minister the final draft decision of the follow-up regulation on the mechanism for encouraging the development of solar power projects in Vietnam from 1 July 2019 to 31 December 2021. It is expected that the new decision will be issued soon.

The draft decision aims mostly at encouraging solar power project development in Southern Viet Nam given the estimated major power demand of up to 8 GW in this area by 2021.

Compared to the previous drafts, the final draft does not determine feed-in-Tarifs (FiT) based on regions but only on technology types. The draft classified solar power projects into three groups as follows:

  • Ground-mounted solar energy project: VND 1,620/kWh (USD 7.09 cent/kWh);
  • Floating solar energy project: VND 1,758/kWh (USD 7.69 cent/kWh)
  • Rooftop solar energy project: VND 2,156/kWh (USD 9.35 cent/kWh)

The FiT prices shall be applied for solar power projects reaching commercial operation date (COD) within the period from 1 July 2019 to 31 December 2021 and applied for 20 years from the COD date. For Ninh Thuan province, solar power projects that reach COD before 1 January 2022 (within the capacity of 2,000 MW as already approved by the Government) the FIT price still remains 9.35 cent/kWh.

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In charge of this newsletter:
Daniel Herrmann, IKI.vietnam@giz.de
IKI Interface Vietnam
GIZ Office Vietnam
Project “Support to Vietnam for the Implementation of the Paris Agreement II” (VN-SIPA II)

Editor: Tran Xuan Quynh

Photo Credits:
GIZ, GreenYOU, UfU, WWF, baochinhphu, MONRE, UNDP, UNEP, Pixabay

The IKI Vietnam Newsletter is administered by the IKI interface in Vietnam hosted by GIZ. It informs regularly about news of climate change and biodiversity projects in Vietnam financed by the International Climate Initiative (IKI). The International Climate Initiative (IKI) is an important part of the German government’s international climate finance commitment. Since 2022 the IKI is implemented by the Federal Ministry for Economic Affairs and Climate Action (BMWK) in close cooperation with the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) and the Federal Foreign Office (AA).

https://www.international-climate-initiative.com/

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