Vietnam proposes heavily-cut solar FIT rates from next month

• Vietnam is to slash feed-in tariffs offered for roof solar installments from following month by as much as 38% in a quote to attend to grid pressures in the nation, regional media has actually reported.

The Dai Doan Ket paper has mentioned Hoang Tien Dung, head of the Ministry of Sector and also Trade's Electricity and also Renewable Energy Authority, as stating that tariffs will certainly be cut by in between 31% and 38% to between US$ 0.052/ kWh and US$ 0.058/ kWh, relying on the system size.

Under the feed-in tariff 2 (FIT2) plan, which near brand-new applicants on 31 December 2020, tariff prices were as high as US$ 0.0838/ kWh.

The new tariffs will enter result from following month, as well as have been created to resolve pressures on Vietnam's transmission grid produced by a surge in solar setups experienced last year as the highly effective feed-in tariff 2 plan drew to a close.

Rooftop solar installments escalated in Vietnam in late 2020, with greater than 6.7 GW of solar set up in December 2020 alone. Combined with utility-scale and C&I installs, around 9GW of solar was installed in Vietnam last year.

That installment increase took Vietnam's complete set up solar capability to nearly 16.5 GWp (13.16 GWac), and the rise in solar installs has actually caused problems over grid stability in the country, especially around solar's generation height around midday as well as in between 5:30-- 6:30 pm, when need tops and also solar's generation contour fades.