Vietnam eyes divided self-consumption as well as export repayments in feed-in tariff follower plan

• Vietnam authorities have actually teased new details of a plan made to replace the country's successful solar feed-in tariff (FiT) policy.

Regional media records have actually cited Pham Nguyen Hung, deputy supervisor of the electrical power and also renewable resource department of Vietnam's Ministry of Industry as well as Trade as having actually given brand-new details of the system at an online seminar previously today.

Vietnam's previous FiT policy, which incentivised solar installations to the tune of US$ 0.083 c/kWh, was closed to new installations since 31 December 2020, but not before causing a boom in installations that saw more than 6.7 GW of solar set up in December 2020 alone. Preliminary plans to replace the so-called FiT2 policy with decreased settlements of between US$ 0.052-- 0.058/ kWh did not happen.

That sharp increase in installments in the direction of completion of 2020 has actually brought about fears of grid congestion in Vietnam, particularly around optimal generation hrs, with additional reports of solar curtailment throughout the country. However the absence of a successor plan to FiT2 has actually stymied financial investment in Vietnam's solar sector.

At an event organised by PV Tech publisher Solar Media earlier this summer, capitalists claimed Vietnam continues to be a destination of rate of interest for solar financing, however emphasized that market saturation projected amongst issues.

Talking earlier today, Hung stated a draft decision is being worked upon that would replace the previous repayment mechanism with two different tariffs set at different prices, one for solar to be eaten on site as well as an additional settlement for power exported to Vietnam's grid. The self-consumption settlement would certainly be for between 70-- 90% of power generated by projects, with the staying 10-- 30% alloted for export payments.

Fees would be set every year by the Ministry of Industry and also Trade, allowing the government to regulate both settlements to asset owners as well as protect transmission as well as circulation grids from an increase of solar installations.

More information are expected to be released when various other federal government departments and also ministries have actually had the possibility to contribute in the direction of the policy's layout.