The investor of the 600MW Cong Thanh coal-fired power project, listed in the eighth national power development plan (Plan 8), now wants to develop a 1,500MW LNG-fired power project as it has been difficult to raise funds for ‘dirty energy’ now.

The Vietnam Electricity Group (EVN) on December 26 announced that it would stop purchasing electricity from rooftop solar power projects developed after December 31 until the prime minister issues a new decision.

Vietnam has reached new heights in renewable development over the years thanks to feed-in tariffs, however, it now faces challenges in spurring on clean energy for sustainable development.

Vaibhav Saxena, foreign lawyer at Vietnam International Law Firm, discusses how Decision No.13/2020/QD-TTg will impact the Vietnamese solar power market.

In the first three months, EVN mobilised 2.76 billion kWh of renewable energy, including 2.31 billion kWh of solar power, signifying a 28-fold increase on-year.

The feed-in tariff (FiT) for biomass power projects will range from VND1,634 to VND1,968 per kWh, exclusive of value-added tax, setting the stage for more investment in biomass electricity.

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