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Update news rooftop solar power
Vietnam’s Ministry of Industry and Trade proposes stiff penalties for rooftop solar projects that bypass regulations or fail to report capacity details.
The Ministry of Industry and Trade (MOIT) has proposed that households installing rooftop solar must notify the commune-level People’s Committee where the power source is installed.
The Ministry of Industry and Trade has released more details about the VND2-3 million cash support for households installing self-produced, self-consuming rooftop solar and the loan support scheme at 8.3 percent/year interest.
In addition to direct financial support of VND2-3 million, the Ministry of Industry and Trade has proposed that households installing rooftop solar systems receive loans with specific subsidized interest rates and defined overdue interest rates.
Officials explain the benefits and safety reasons behind the registration requirement for rooftop solar panels.
Several farm owners who have invested heavily in rooftop solar power systems are paying nothing for electricity and earning VND100-600 million per month by selling surplus electricity to the grid.
Installing rooftop solar doesn’t require EVN’s permission - but notifying the authorities is a legal must for safety and energy grid security.
Experts say individuals are obligated to notify or register with the authorities that they are going to install rooftop solar systems.
The Vietnam Electricity Group (EVN) has proposed administrative fines for organizations and households installing rooftop solar for self-use without first notifying or registering with authorities.
Vietnam’s Ministry of Industry and Trade has proposed a subsidy of $1.65 billion to support 14 million households in installing rooftop solar systems.
Vietnam’s industrial zones have vast solar potential, but unclear policies and ownership issues are slowing investment.
With electricity bills exceeding VND1 million monthly and consumption over 400 kWh, EVN recommends that households consider rooftop solar power to cut costs and ease pressure on the power sector.