Articles by

James Bernthal-hooker

Vietnam set to extend Feed-in-Tariff

By

James Bernthal-hooker

The key matter here is the Prime Minister’s support for extending the feed-in-tariff (FiT) for wind projects beyond next year. The current FiT rate of 8.5 UScent/kWh (onshore) and 9.8 UScent/kWh (offshore) applies to projects with commercial operations dates before 1st November 2021, and these are expected to be extended until 31st December 2023. After 2023, an auction system is likely to be introduced, similar to that being considered for solar power in Vietnam.