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The Ministry of Business and Commerce has beneficial that nationwide utility Vietnam Electrical energy (EVN) ought to begin inviting bids for brand new renewable tasks this yr with the electrical energy buy worth (referred to as feed-in tariff) to be relevant till 2025.
The federal government will then invite bids once more to find out the tariffs, and incentive feed-in tariffs for wind and solar energy tasks will change into a factor of the previous.
A bidding mannequin has not been decided, however EVN has earlier proposed a number of fashions, together with the “photo voltaic park aggressive bidding” by which the federal government identifies the location and conduct land clearance for the facility plant and the successful developer will assemble and function the undertaking.
One other proposed bidding mannequin is “substation-based aggressive bidding”, by which the federal government identifies substations with accessible megawatt capability and sure capability at every station is opened for bidding.
Solar energy vegetation that went on stream by December 31, 2020, are eligible for a feed-in tariff of seven.09 U.S. cents per kilowatt hour.
Onshore wind energy vegetation construct earlier than October 31 final yr get a price of 8.5 cents.
Many tasks beneath building missed the deadlines, and their traders sought extensions.
Wind energy developer BB Group stated its wind generators and different gear have been stranded at a port in HCMC for 3 months final yr when the town imposed social distancing, which precipitated it to overlook the deadline.
Different traders recommended that tasks which went on stream late needs to be given a decrease incentive price, resembling 6.8-6.9 cents for 10 years, as an alternative of being excluded altogether from the motivation checklist.
The ministry stated nevertheless the renewable power market is aggressive and globally costs are declining, and so a aggressive mechanism is important.
The price of renewable energy manufacturing has decreased from 4 or 5 years in the past when the motivation feed-in tariff was introduced, and traders have rising expertise in such tasks and so productiveness has improved, it added.
The nationwide plan consists of 15,400 megawatts of solar energy, with 8,853 MW (from 148 vegetation) being eligible for the motivation feed-in tariffs.
The corresponding numbers for wind energy are 11,921 MW and three,980 MW (84 vegetation).
In 2020 Vietnam surpassed Thailand because the nation with the very best solar energy capability in Southeast Asia with 16,500 MW, up from 86 MW in 2018.
This speedy addition positioned a pressure on the nationwide grid, and compelled EVN to chop photo voltaic output, inflicting losses to builders who’ve loans to pay for his or her funding.
The federal government plans to have renewables vegetation accounting for 75 % of capability and 70 % of precise manufacturing by 2045 beneath its commitments on the United Nations Local weather Change Convention in 2021.
It has additionally promised internet zero emissions by 2050.
Now practically half of Vietnam’s energy is generated by coal-fired vegetation.
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