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Update news SOLAR energy in vietnam
Despite bankability concerns in power purchase agreements, investing in solar power is a new boom in Vietnam as developers, original equipment manufacturers, and contractors rush into the market thanks to the current feed-in tariff.
Many businesses and investors are waiting for the Government’s decision on the feed-in tariff (FiT) rate for solar power projects nationwide to set up long-term investments in solar power projects in Vietnam.
Vietnam will have approximately 5,000 MW of solar power in a very near future.
Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.
Investors in many solar-powered projects in the country are rushing to complete their projects so that they can be put into commercial service prior to June 30 to benefit from the Government’s attractive solar power prices.