solar plus storage project financing options in Vietnam 2025

What does Vietnam's Solar Policy update mean for energy storage?

Vietnam’s solar policy update highlights growing role of energy storage. (Photo: iStock) Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems.

Does Vietnam need a Solar Plan?

Notably, the plan mandates that concentrated solar must include storage (minimum 10 percent of capacity, 2-hour duration), a requirement absent in the version. Vietnam’s solar panel trade is regulated under Decree 26//ND-CP, which outlines the Schedule of Export Tariffs and Preferential Import Tariffs.

How much does a solar plant cost in Vietnam?

Vietnam's Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants. 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.

Does Vietnam have new feed-in tariffs for solar power?

April | Southeast Asia Impact Alliance Vietnam is taking another step toward modernizing its renewable energy sector by unveiling updated feed-in tariffs (FiTs) for solar power, with a notable emphasis on encouraging battery energy storage systems (BESS).

What is the new tariff structure for solar projects in Vietnam?

Under the updated tariff structure, solar projects are now divided into ground-mounted and floating categories, and segmented further by region—North, Central, and South Vietnam. Tariffs are calibrated based on solar resource availability, infrastructure costs, and local electricity demand, with higher rates awarded to projects that integrate ESS.

How has the FIT program impacted solar power development in Vietnam?

The FiT program has been a major driver of solar power development in Vietnam, offering a tariff of 9.35 cents per kilowatt-hour (kWh) for projects completed by June . This program led to a surge in solar capacity, reaching 4.46 gigawatts of new installations.

The most significant development in this update is the introduction of differentiated tariffs for solar power projects that incorporate battery storage. For the first time, solar plants equipped with BESS will be eligible for higher rates to compensate for the added The most significant development in this update is the introduction of differentiated tariffs for solar power projects that incorporate battery storage. For the first time, solar plants equipped with BESS will be eligible for higher rates to compensate for the added

Vietnam's Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants. 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

Last week, our Managing Director Thomas Jakobsen joined two high-level panels at the annual Solar & Storage Live Vietnam , sharing practical insights into Vietnam’s energy sector future outlook. On the first panel: Unlocking Vietnam’s solar and wind potential: When will green financing truly

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

Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems. The updated scheme highlights the growing importance of storage in stabilizing the

Vietnam is taking another step toward modernizing its renewable energy sector by unveiling updated feed-in tariffs (FiTs) for solar power, with a notable emphasis on encouraging battery energy storage systems (BESS). This policy move, effective throughout , was formalized through Decision

The FiT program has been a major driver of solar power development in Vietnam, offering a tariff of 9.35 cents per kilowatt-hour (kWh) for projects completed by June . This program led to a surge in solar capacity, reaching 4.46 gigawatts of new installations. This rapid growth resulted in an

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.

Solar & Storage Live Vietnam – Indochina Energy Partners

This demonstrates a clear sign that Vietnam doesn’t lack investor interest and that green finance is already flowing at scale. This means the real question is not “when” will

Vietnam’s Solar Feed-in Tariffs in : Incentivizing Energy

We analyze the business implications of Decision 988/QD-BCT, which revises Vietnam’s feed-in tariff (FiT) rates for solar power projects.

Vietnam raises solar feed-in tariffs with energy

Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems.

Vietnam Revamps Solar Tariffs with Regional Rates and Storage

Vietnam’s Ministry of Industry and Trade (MOIT) has unveiled a revised feed-in tariff (FIT) framework for solar power, incorporating location-based pricing and, for the first

Vietnam Introduces Solar feed-in tariffs (FiTs) to

The most significant development in this update is the introduction of differentiated tariffs for solar power projects that incorporate battery storage. For the first time, solar plants equipped with BESS will be eligible for

Vietnam’s Solar Power Industry : Policy Shifts,

Notably, the plan mandates that concentrated solar must include storage (minimum 10 percent of capacity, 2-hour duration), a requirement absent in the version.

Maximizing Renewable Energy Investments: The Power of ITC Financing

The foundational structure of our Base Case is likely to be familiar to market participants in the US renewable energy industry. It has been widely used for solar-plus

Recent Storage M&A Transactions and Investment News

Jul 11th: Green Genius, a Lithuanian renewable energy company, has secured EUR 36.66M in financing from RGreen Invest to develop a 78 MW solar-plus-storage project in Lithuania.