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Update news renewable power
EVN believes that determining the average annual power output of wind and solar power plants to determine electricity prices would be more complicated than traditional energy projects.
Global market exposure is an impetus for the government to support the power sector’s decarbonisation.
It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.
Vietnam, a global phenomenon in renewable energy development, has risen to the top of the region in terms of renewable energy, particularly solar power, in a short period of time.
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.
Vietnam is forecast to face bigger power shortages after 2020 due to many power projects in the revised master power plan falling behind schedule, especially in southern provinces.