Vietnam’s state-owned utility EVN has confirmed that it will maintain the 20-year feed-in tariff for rooftop PV installations not exceeding 100 kW in size at the rate of $0.0935/kWh until 2021.
Vietnam FIT
The draft decision, among other revisions, proposes increasing feed-in-tariffs (FiT) for biomass power projects.
The Ministry of Industry and Trade has proposed a new feed-in tariff 32 percent lower than the earlier incentive rate. It wants a fixed rate of 7.09 cents per kWh, down from the 9.35 cents offered to projects completed before June 30 last year, it said in a recent proposal to the government.
The latest feed-in-tariff for onshore projects, introduced last year, stands at 8.5 US cents/kWh, while offshore wind power generators will be paid 9.8 US cents for every kWh of power exported to the grid.
Vietnamese state-owned utility company, Vietnam Electricity (EVN) stated that as many as 82 plants with a combined capacity of 4.45 GW were connected to the national grid as of 30 June, allowing them to qualify for the feed-in tariff (FIT) programme.
The tariff for rooftop PV will be maintained at $0.0935/kWh but payments for ground-mounted and floating solar could be cut to $0.0709/kWh and $0.0769, respectively. The previous FIT scheme, according to government figures, has driven the deployment of around 5 GW of solar generation capacity.
The Ministry of Industry and Trade (MOIT) of Vietnam is planning to introduce a new solar feed-in tariff (FiT) programme from July 1, 2019 that will offer different rates depending on the location and type of installation.
With its feed-in tariff set to expire at the end of June, Vietnam is considering different levels of payment, classified across three irradiation regions and involving four solar technologies. Future payments would range from $0.0659-0.0985/kWh, with the cloudy north in line for the highest tariffs and with the government likely to revise tariffs for new projects every two years.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh, which is said to be too low for investors to overcome perceived risks.
Vietnam’s government has agreed to extend the period for the implementation of Decision No.11/2017/QD-TTg dated 11 April 2017 of the Government.