FIT

Update news FIT

The electricity prices of many wind and solar power projects have yet to be determined following the expiration of the FIT (feed in tariff) policy, worrying investors.

62 wind-power projects unfinished: MOIT comes up with new solution

The Ministry of Public Security (MPS) is collecting information about credit contracts, outstanding loans and debt classification of project developers, while the Ministry of Industry and Trade (MOIT) has proposed new mechanisms for the projects.

Power plan to include net-zero emission commitment

The Ministry of Industry and Trade’s (MOIT) report to the Prime Minister on the eighth power development plan (PDP VIII) shows considerable changes in installation capacity.

Wind turbines are idle, wait for new policies

The fate of unfinished wind power projects which failed to enjoy the FIT (feed in tariff) because they could not become operational prior to November 1, 2021 is uncertain.

Why are foreign investors interested in Vietnam's electricity industry?

Maintaining FIT prices for those who failed to meet deadline and reimplementing nuclear power projects were among issues raised by foreign investors at the Vietnam Business Forum 2022.

Economic transformation needed to reach net-zero emissions

As commitments to reach net-zero greenhouse gas emissions by 2050 increase across the globe, the question of how these commitments can be met and the corresponding economic transformation managed becomes ever more central.

Norway to partner with Vietnam to "awaken" offshore wind power potential

Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

Millions of US dollars poured into green growth projects

Capital flows into green growth projects have still seen positive signals despite adverse impacts from the COVID-19 pandemic on foreign direct investment (FDI) in Vietnam.

Offshore wind power: unpredictable 'waves' as investors wait for decision on tariff

Many offshore wind power investors are holding their breath waiting for the next move of the Ministry of Industry and Trade and the Government.

Offshore wind power still has great potential

Many large corporations want to develop offshore wind power projects in Vietnam, but existing bottlenecks have made them hesitant to proceed.

Wind power: investors wait for PM’s decision on Feed-in-Tariff price

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

Vietnam to develop wind, solar power, but safety concerns exist

Wind and solar power continues to be prioritized but solutions are needed to ensure the safety of the electricity system when operating volatile sources of energy.

Wind, solar power projects complain about VAT refunds

Wind power developers, who are running against time to put their projects into operation prior to November 2021, now face another problem: they may not get a VAT (value added tax) refund because of certain regulations.

Wind power investors warned about risks of overdevelopment

Many wind power projects are being developed at a time when the transmission line has become overloaded. As a result, there could be difficulty selling power.

In wind-power metropolis, land is as expensive as gold

In Huong Hoa, called the "wind-power metropolis" of Vietnam, one sao (1 sao = 360 square meters) of hilly land is priced at VND4 billion.

Solar power developers' capacity still not fully used up

The Feed-in-Tariff (FIT) of over VND2,000 per kwh, or 9.35 cent, has encouraged many investors to pour money into solar power. However, they have fallen into a dilemma because of unforeseeable problems.

Vietnam to prepare for solar power boom

The proportion of solar and wind power projects in the entire national electricity system is expected to increase, requiring thorough preparation because of the instability of these power sources, experts have said.

Tens of billions of dollars poured into gas-fired power plants

Gas-fired thermal power is catching the attention of foreign and domestic investors, now that Vietnam plans to stop new coal-fired power projects, according to the eighth national power development plan.

Government to have new policy on purchase of solar power soon

At present, the cost of solar power panels has cooled down, so shortly, the MoIT would suggest the purchasing price of solar power without using feed-in tariffs (FITs).

Rooftop solar power saw tremendous growth in 2020

Over 100,000 rooftop solar power works with total capacity of 9,300 MW were connected to the national grid by December 31, 2020.