$6.7 billion in wind power investment in Vietnam at risk without COVID-19 relief

$6.7 billion in wind power investment in Vietnam at risk without COVID-19 relief

The global wind industry is calling on the Vietnamese government to postpone the FiT deadline for wind projects by six months as a COVID-19 relief measure.
Energy developers grapple with deadline

Energy developers grapple with deadline

A series of multi-billion-dollar wind power projects are racing to make a tariff deadline, with potential energy gridlock on the horizon for Vietnam.
Wind developers ask for transitional policy

Wind developers ask for transitional policy

With world-class resource potential and rapidly growing power demand, Vietnam is facing a crucial crossroads and has the opportunity to accelerate deployment of both onshore and offshore wind, according to a new report – but the ongoing pandemic is causing regulatory challenges and delays to many projects as developers attempt to settle on incentive policies for the next stage.
Authorities cracking down on agricultural pretenders

Authorities cracking down on agricultural pretenders

Farms neglecting agricultural production after installing rooftop solar power projects are being warned by local authorities to resume production soon in line with their project’s licences or face sanctions.
Methods to achieve growth in tandem with energy goals

Methods to achieve growth in tandem with energy goals

As Vietnam’s economy is experiencing significant growth, so is its demand for energy consumption. The industrial sector, followed by the transport one, requires the highest growth rate and in fact also consumes the largest amount of energy. Energy efficiency, among others, is an integral part of reaching economic growth with the lowest possible amount of CO2 emissions.
FiT for rooftop solar to drop 30 per cent

FiT for rooftop solar to drop 30 per cent

The new FiT for rooftop solar may be set at 5.3-5.8 US cents per kWh, instead of the 8.38 US cent that was applied to projects starting before the end of 2020.
Desire for long-term tactics in solar power

Desire for long-term tactics in solar power

Although Vietnam began to develop solar power plants just about three years ago, the initially achieved capacities have been outstanding. However, the short terms of the government’s previous two incentive programmes have left many projects stagnating, leading to unused potential.
Balancing out growth across power sources

Balancing out growth across power sources

Last year saw a contrast in wind and solar power development practices. Bui Van Thinh, chairman of the Binh Thuan Wind and Solar Energy Association, delves into the factors behind the situation and suggests a remedy.
Development at stake with FiT alteration

Development at stake with FiT alteration

The proposed dramatic reduction to the feed-in tariff risks seriously damaging the growth of Vietnam’s promising wind power sector, slowing down investment and the creation of new jobs and making it harder for the nation to meet growing energy demand, according to the Global Wind Energy Council.
Global Wind Energy Council calls on Vietnam to extend wind tariff and clean energy lead

Global Wind Energy Council calls on Vietnam to extend wind tariff and clean energy lead

An industry alliance led by the GWEC has called on Vietnam to urgently extend the wind energy Feed-in Tariff (FiT) scheme.
EVN suggests not to extend deadline for wind farm FiT

EVN suggests not to extend deadline for wind farm FiT

EVN would rather keep the deadline on the current FiT scheme for wind power, instead of the MoIT's proposal to extend it by two years.
FiT revamp vulnerable to speculation

FiT revamp vulnerable to speculation

Despite bankability concerns inherent in power purchase agreements, investing in renewable power is a bright spot in Vietnam as developers rush to take advantage of the current feed-in tariff. Some local developers, however, seem to be just in it for the money, harming the chances of latecomers and potentially causing delays in installation.
Vietnam freshens solar sector with FIT

Vietnam freshens solar sector with FIT

Vaibhav Saxena, foreign lawyer at Vietnam International Law Firm, discusses how Decision No.13/2020/QD-TTg will impact the Vietnamese solar power market.
Calls made for FiT extension in light of pandemic dilemma

Calls made for FiT extension in light of pandemic dilemma

With Vietnam struggling alongside the rest of the world in attempting to overcome the coronavirus pandemic, the government has taken solutions to fuel the energy sector. However, efforts to keep projects on track remain uncertain as investors’ confidence is hit by the ongoing crisis.
MoIT proposes keeping current FiT for wind power projects

MoIT proposes keeping current FiT for wind power projects

Due to the impact of the COVID-19 pandemic, the MoIT proposed maintaining the FiT for wind power until December 2023, switching to bidding later.
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