Offshore wind power and green hydrogen projects in Vietnam may soon benefit from unprecedented incentives, including fee exemptions, guaranteed electricity volumes, and flexible investment terms, as proposed in a new draft policy.
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To accelerate the development of the renewable energy industry, the Vietnamese government has introduced a new electricity decree, prioritizing the promotion of power generation projects using renewable energy sources
Vietnam''s Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants. For projects without battery storage, the tariff will be VND 1,382.7 ($0.053
As Vietnam continues its rapid economic development, the demand for sustainable and reliable energy sources has never been more critical. Solar power has emerged as a key component of Vietnam''s strategy to diversify its
Given an uneven economic recovery, Vietnam''s ample fiscal space can provide room for the government to extend additional support measures to vulnerable segments such
This explosive growth has affected the stability of Vietnam''s power distribution system. According to the Vietnamese government''s draft of power development plan this year, Vietnam needs to invest as much as $128.3 billion
On 22 October 2024, the Vietnamese government promulgated its long-awaited Decree No. 135/2024/ND-CP governing the mechanism and policy for incentivising the development of self-consumption rooftop solar power
On April 6, 2020, the Prime Minister of Vietnam issued Decision No. 13/2020/QD-TTg on the mechanism for encouraging the development of solar power in Vietnam ("Decision 13"). Decision 13, which will take effect on May 22, 2020,
The U.S. Department of Commerce (DOC) has announced preliminary countervailing duties on solar cells imported from Cambodia, Malaysia, Thailand, and Vietnam. The move is part of an ongoing investigation
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The research and development of technology in Việt Nam''s wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree.
Vietnam''s decision to retroactively revise subsidised pricing rules for wind and solar energy has raised concerns among stakeholders in the industry, especially foreign investors. The move comes after Vietnam blew
Vietnam''s solar power industry has experienced rapid growth in recent years, driven by favourable government policies and increasing demand for renewable energy. With
The U.S. Department of Commerce has announced preliminary duties on crystalline photovoltaic (PV) cells from Cambodia, Malaysia, Thailand, and Vietnam. This move follows investigations into countervailing duties
Vietnam has undergone one of the largest solar booms in Asia. This boom results from favourable government policies, rapidly growing energy demand and ideal conditions for solar energy. The country''s updated Power Development Plan 8
Vietnam''s decision to retroactively revise subsidised pricing rules for wind and solar energy has raised concerns among stakeholders in the industry, especially foreign
Solar power projects, transmission lines and transformers connected to the grid must be reduced or exempted from land use charge and rent pursuant to current regulations regarding the
On a producer-by-producer basis, DoC has revised preliminary anti-subsidy tariffs on imports from Vietnam from 2.85% for Chinese producers JA Solar, Jinko Solar and Trina Solar to 27.73% for JA and 92.56% for both Jinko
The Government has stipulated a series of investment incentives to promote the development of renewable and new energy, including exemptions from land use and land rental fees during the construction period.
Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving
Description Support structure for for installation on 20 ft CONEX shipping container. All modules face same direction. This system can accept six-twelve solar modules, of either 60 or 72 cell format (modules not included). Distance
Emphasis on research and technology for solar and wind energy The draft encourages and supports research, development, and application of technology in the solar and wind energy sectors in Vietnam. This includes
The move delivers a heavy blow to the region''s renewable energy manufacturing sector, with Vietnam among the hardest hit. It follows a year-long trade investigation initiated
This KGGTF grant helped Vietnam scale up solar through an assessment of grid integration and regulatory requirements that will inform future World Bank-funded projects,
On a producer-by-producer basis, DoC has revised preliminary anti-subsidy tariffs on imports from Vietnam from 2.85% for Chinese producers JA Solar, Jinko Solar and Trina
Vietnam''s solar power industry has grown rapidly since 2017, driven by generous feed-in tariffs and strong government support. The country now has one of the highest installed solar capacities in Southeast Asia,
International renewables developers including Adani Green Energy have reportedly expressed "deep alarm" at plans for the Vietnamese government to retroactively cut
To address the rapid growth and grid capacity issues, the Vietnamese government has temporarily suspended new approvals for large-scale solar projects. This measure aims to manage the grid’s ability to integrate new capacity and transition from the FiT scheme to an auction-based system for project approval and pricing.
Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low. In January 2023, the top rate was NT$1.49/kWh for ground-mounted solar and NT$1.89/kWh for floating solar, with no regional or storage-based distinctions.
This speaks to the challenges Vietnam has faced related to anti-dumping tariffs on solar panels, particularly concerning accusations of illegal transshipments. Some foreign companies have attempted to label Chinese-made solar products as Vietnamese to bypass higher U.S. tariffs.
Conditions for systems with storage include a minimum storage capacity of 10% of the solar plant’s installed capacity, a charge/discharge time of 2 hours, and at least 5% of total generation used for charging the storage system. Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low.
Late last year, some solar products exported from Vietnam, Thailand, Cambodia, and Malaysia were found to be circumventing duties applied to some Chinese solar products by the US Department of Commerce.
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