The Vietnam power market is undergoing major restructuring, gearing towards a competitive wholesale and retail market, and increasing its installed capacity to more than 135GW by 2030. The revised Power Development Plan unveiled in March 2016, places stronger emphasis on energy security, energy efficiency, renewable energy development and power market liberalisation.
The Prime Minister of Vietnam officially approved the issuance of Decision No. 11/2017/ QD-TTg: the supporting regime for the development of solar power projects in Vietnam on 11 April 2017. With this decision, Vietnam introduces a feed-in tariff (FIT) for grid-connected PV power plants of 2086 VND (9.35 US cents/kWH) with a 20 year PPA. Electricity of Vietnam (EVN) is responsible for buying the entire electric output from on-grid solar projects. The government will issue a Standard PPA that all power sales have to comply with. Rooftop PV systems will also be eligible for a net metering support scheme.
Solar PV investors are allowed to mobilise domestic and foreign capital to invest in projects and will be granted various land use fees as well as import duty and tax exemptions. The regulation will enter in force, commencing 1 June 2017, running until 30 June 2019 in the initial period. The Ministry of Industry and Trade (MOIT) will then assess the law and suggest adjustments for a follow up regulation.
Considering these developments in the solar space in Vietnam, we’re delighted to introduce The Solar Show Vietnam, held in conjunction with Power & Electricity World Vietnam and The Wind Show Vietnam this 10 – 11 October 2017, where you can connect with over 400 of Vietnam’s energy policymakers, regulators, industry heavyweights and investors. Drawing expertise from within Vietnam and further afield, the event will address the considerable opportunities available in this exciting market and how you can be a part of it.
To discuss your involvement contact:
Justin Chin on +65 6322 2714 or firstname.lastname@example.org