FITs

When brand-new renewables FITs are released in the nation's main journal within the following couple of days, the 15-year settlements will certainly come right into pressure. The federal government intends to designate 15 MW of solar centers varying in dimension from 10 kW to 1 MW via the system, with bigger projects needing to complete in public auctions.

The shift from a feed-in toll plan to a public auction system might take longer than anticipated in the Southeast Asian nation, as the Ministry of Industry and also Trade is taking into consideration preserving FITs of $0.0709/ kWh to $0.0769/ kWh for projects that safeguarded authorization prior to Nov. 23, 2019, if they come online as arranged by the end of this year. According to law practice Lexcomm Vietnam, there are presently 3 GW of projects with licenses.