Vietnamplus

The Global Wind Energy Council (GWEC) said it has called on the Government of Vietnam to urgently extend the wind energy Feed-in-Tariff (FiT) scheme.

The Green Innovation and Development Centre (GreenID) hosted an online conference in Hanoi on April 11 on the second phase of the feed-in-tariff (FIT 2) and policies for the development of solar power in Vietnam after 2020.

The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Vietnam.

The World Bank (WB)’s new approaches to bidding and deployment for solar projects will help Vietnam substantially boost and effectively manage its abundant solar energy resources.

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.

Bidding for electricity projects instead of using the feed-in tariff price mechanism would make Vietnam's electricity more transparent and offer cheaper consumer power prices, experts said at a conference in Hanoi on November 27.

The Vietnam Electricity (EVN) group has agreed with continuing the current feed-in tariff (FiT) rate at 9.35 US cents per kWh for rooftop solar power projects nationwide until 2021 as proposed by the Ministry of Industry and Trade (MoIT).

The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.

Challenges to renewable energy development in Vietnam and solutions to them were highlighted at a seminar held in Ho Chi Minh City on August 23.

A one-week visit to HCM City from November 23 by executives from eight German wind energy companies will offer the opportunity for wind-power companies in the two countries to build partnerships.