On April 10, , the Ministry of Industry and Trade (MOIT) issued Decision 988/QD-BCT (“Decision”), updating Vietnam’s feed-in tariff (FiT) rates for solar power projects. These tariffs, effective under the framework of Circular 09//TT-BCT issued on February 1, (“Circular”), will apply
For projects without battery storage, the tariff will be VND 1,382.7 ($0.053)/kWh for the northern part of the country, VDN 1,107.1/kWh for the central part, and VDN 1,012.0/kWh for the southern region. For solar power plants relying on battery storage systems, the FiTs for the three regions will
In , solar energy costs in Vietnam are clearly outlined by the Ministry of Industry and Trade’s policy decisions. Factors like regional pricing frameworks and plant types, along with the policy shift from a FIT mechanism to competitive bidding, play crucial roles in guiding these costs amid the
For ground-mounted solar farms without battery storage, the maximum price (excluding VAT) is set at VNĐ1,382.7 (approximately US$0.05)/kWh in the North, VNĐ1,107.1/kWh in the Central region and VNĐ1,012/kWh in the South. Floating solar plants without battery storage are entitled to higher ceilings:
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Vietnam’s Solar Feed-in Tariffs in : Incentivizing Energy
On April 10, , the Ministry of Industry and Trade (MOIT) issued Decision 988/QD-BCT (“Decision”), updating Vietnam’s feed-in tariff (FiT) rates for solar power projects.
Vietnam publishes feed-in tariffs for large-scale solar
The Vietnamese authorities released the feed-in tariff levels for ground-mounted and floating PV plants, with or without storage.
New Price Framework for Solar Power: Divided by
The Ministry of Industry and Trade has officially issued a new electricity generation price framework for solar power plants, applicable from . The framework divides the pricing based on geographic regions and
MoIT sets solar power price cap at up to $0.07/kWh
The decisions came into effect on April 10, , in line with the Government’s directive to promptly revise the Power Development Plan VIII.
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In a move to standardize pricing in the renewable energy sector, the Ministry of Industry and Trade (MOIT) has officially issued Decision No. 988/QĐ-BCT, outlining the
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