Vietnam

Hanoi has actually established brand-new feed-in toll prices for utility-scale, roof and also floating PV projects, finishing an extended period of plan unpredictability The federal government has actually introduced the brand-new prices, which are extensively according to sector assumptions, approximately 10 months after the expiry of its old tolls.

Super Energy Corp has actually revealed that its Board has actually authorized the financial investment in for 4 solar projects in Vietnam with an overall set up capability of 750 MW

The Asian Development Bank claims creating nations in Asia as well as the Pacific must take into consideration creating their very own solar sector supply chains as the Covid-19 pandemic has actually revealed their over-reliance on China to finish the power change.

First Solar has actually chosen to maintain its manufacturing facilities in United States and also Asia open in the meantime complying with an evaluation that some are not covered by lockdown strategies passed in either area.

Leading monocrystalline wafer manufacturer, LONGi Green Energy has actually given higher understanding right into its prepare for Vietnam-based PV supplier, Vina Solar after the purchase is finished, consisting of aspirations for a main production center to target considerable development of non-tariff module deliveries to the United States and also India.

'Solar Module Super League' (SMSL) participant, LONGi Solar has actually authorized a structure arrangement to get Vietnam-based solar battery as well as module OEM (Original Equipment Manufacturer), Vina Solar for RMB 1.78 billion (US$ 253 million).

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.

The government of the country finds it vital not to change the existing FIT till the end of the year in order to keep rooftop solar development at high level.

Dehui already runs 250,000 square feet across five production lines and has set aside a further one million square feet for future factories

A policy document that was made public recently, Hanoi has asked all regional governments and EVN to stop authoring the creation of new solar parks. Before now, about 8.93 GW utility solar energy capacity was approved.

The French development agency AFD has signed off on a EUR24.2 million (US$26.9 million) loan for a 49MW solar project in Gia Lai Province, Vietnam, with the country's monopoly utility EVN.

Vietnamese advocates of solar power have begun a "Million Green Homes" project, aimed at spreading the use of solar power in the country instead of coal and other fossil fuels.

Vietnamese firm Da Nhim–Ham Thuan–Da Mi (DHD), a subsidiary of national utility EVN, has bagged a US$37 million loan from the Asian Development Bank (ADB) for a 47.5MW floating solar project that is claimed to be the first and largest such project in the Southeast Asian nation.

Vietnam plans to reduce feed-in tariff (FiT) rates for ground-mount and floating PV after solar capacity deployment exceeded expectations under the original subsidy by a factor of five.

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.