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the lasting security of its worldwide supply chain. "This center [in Vietnam] allows the use of basic material inputs from a range of countries, therefore

Vietnam’s Ministry of Industry and Trade has submitted a draft proposal to cut feed-in tariffs (FITs) for large scale solar projects by 20%, according to the Energy Conservation Center research institute in Ho Chi Minh City. The draft measure proposes applying FIT levels for the whole nation rather than varying payments geographically to drive new capacity to under-served areas. If the proposal is approved by the government, the FIT for ground-mounted large scale solar plants will be VND1,620/kWh ($0.0709). For utility scale floating solar, the payment would be VND1,758/kWh. The payment for rooftop systems would remain VND2,156/kWh, which under the previous regime applied to all PV projects. New scheme to end by 2022 The proposed 20-year FIT rates would not include VAT, which is adjusted according to fluctuations in the exchange rate of the Vietnamese dong against the dollar. The new FITs would be applied to projects grid-connected between July 1 this year and December 31, 2021. The old FIT of $0.0935, however, would still be applied until the end of 2021 to projects under development in Vietnam’s Ninh Thuan province, for which the Vietnamese government a year ago decided to extend the scheme, capped at 2 GW, by 12 months. The country saw the deployment of around 5 GW of solar capacity thanks to the expired scheme, according to the authorities. Most of that capacity came online at the end of June, which was the deadline under the previous system for connecting a plant and securing a FIT contract. With electricity demand growing at an annual rate of around 10%, Vietnam needs to add 3.5-4 GW of new power generation capacity per year.

report, released the other day (3 March), comes after Vietnam's federal government said its scheduled 18.4 GW of solar capacity for the 2021-2030 duration is "too

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

pair are targeting commercial units in Vietnam that desire low-priced renewable resource in order to be in line with Vietnam's climate goals, that include

getting to a total amount of 25GW by the end of the years. Fitch stated the Vietnamese government "continues to be very devoted" to improving the nation's

organizers successfully evaluated the dynamism of renewable resource in Vietnam's fast-growing market," claims report author IEEFA Supervisor of Energy

Vietnam's Ministry of Industry and also Trade (MoIT) sent out a record to the federal government on Tuesday in which it suggests keeping feed-in tolls for massive PV projects, as opposed to changing to public auctions, according to law office Lexcomm Vietnam. The proposition negates the MoIT's very own suggestion in very early December, when it stated that assistance for massive solar needs to be given through purchase workouts from this year-- noting a clear change far from earlier assurances to reboot its FIT plan. According to Lexcomm, the MOIT is currently advising the federal government to preserve a FIT of $0.0709/ kWh for ground-mounted projects as well as $0.0769/ kWh for floating PV plants, however just for projects that were accepted prior to Nov. 23, 2019, presuming they come online as set up by the end of this year. The tolls would certainly be granted to 36 projects with an integrated ability of 2.99 GW that are currently accepted for growth, the law practice stated. Vietnamese media electrical outlets, on the other hand, have actually exposed that the MoIT's proposition is developed to stay clear of a downturn in the large PV sector, which would possibly take place if the federal government quickly took on a public auction system. The concept of a brand-new public auction device was initially developed to sustain large solar projects that fell short to protect a FIT agreement in 2015. In mid-December, the MOIT asked local federal governments and also state-run utility EVN to put on hold brand-new authorizations for large PV projects under the FIT plan. Concerning 135 projects with an incorporated ability of 8.93 GW have actually been accepted under the FIT program as well as around 4.5 GW of them had online by the end of June 2019, when the initial stage of the nation's solar aid plan ran out.

biggest solar plant, Phase I of the Xuan Thien Ea Sup Project in Dak Lak, Vietnam. Appointed by Xuan Thien Group on November 15, 2020, the 600 MWac/ 831 MWp

Vietnamese federal government has actually established brand-new feed-in toll (FIT) prices for utility-scale, roof as well as floating solar setups. The

at 110kW, the "robust" SG110CX inverter appropriates for deployment on Vietnamese roofs, where it is prone to heats as well as wet problems, Sungrow

Industries Ltd (SGX:U96) has agreed to purchase majority stakes in units of Vietnam’s Gelex Group JSC for SGD-218-million (USD 160.3m/EUR 149.9m). This will

of poor patients, had actually given away 102 residences worth 5.1 billion Vietnamese dong to poor homes in the district throughout construction of projects

transparent backsheets were supplied to the Thuan Nam solar power project in Vietnam, making it one of the biggest solar projects in Southeast Asia to make use of

even more ranges on public structures. Fifth on Wood Mackenzie's checklist is Vietnam, which is expected to add 45GW of solar PV this years. Supported by feed-in