Policies encourage renewable energy development
A series of preferential policies have encouraged the development of renewable energy.
A government decision on solar power projects in Vietnam, for example, calls for electricity buyers to purchase all the electricity generated from grid-connected projects at the price of 2,086 VND/kWh (excluding VAT).
After the Government increased the electricity price to 0.93 USD/ kWh last June, about nine projects on renewable energy generation and distribution were registered by foreign firms each month, according to StoxPlus, a financial and economic information service provider in Vietnam.
If all projects are actually carried out, the amount of clean electricity generated should reach 23.2GW, which is more than 10 times the target set for total renewable electricity capacity by 2020.-VNA
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