Update news solar power
The FIT (feed in tariff) electricity pricing policy spurred development of wind and solar power in Vietnam, but solutions to electricity purchase pricing after the FIT ended has caused policy interruption.
The Ministry of Industry and Trade had given the nod to the provisional electricity tariffs for 60 wind and solar power plants in the transitional phase, with a collective capacity exceeding 3,331MW, as of September 16.
HCM City is going to install more solar panels on the roofs of State administrative agencies and public service units.
The Ministry of Industry and Trade (MOIT) says that electricity prices from solar power plants in the north that sell to Electricity of Vietnam (EVN) will be higher than those in the central and southern regions.
The government has finally determined the new status for the Electricity Regulatory Authority of Vietnam (A0).
HCM City will start installing solar power systems on the roof of public agencies in September this year.
The Ministry of Industry and Trade (MoIT) asked VN Electricity (EVN) to propose economic solutions for 14 solar power projects enjoying the incorrect FIT pricing mechanism.
The MoIT has raised concerns over 14 solar projects in the central province of Ninh Thuan that are believed to be unjustly benefiting from preferential tariffs.
While some ministries think more investment incentives are needed to encourage the development of rooftop solar power, the Ministry of Industry and Trade (MOIT) believes there is no need to encourage this source of electricity generation.
Commenting about the draft on rooftop solar power submitted by the Ministry of Industry and Trade (MOIT), the Ministry of Planning and Investment (MPI) says the tentative mechanism won’t encourage the development of green power as expected.
Unlimited capacity, exemption from power operation licenses, various tax exemptions and reductions, access to loans are some of the incentives for rooftop solar power systems for self-consumption.
While investment in renewable power was 480 percent higher than planned, investment in thermal power sources only neared 60 percent, according to a government report.
The 450MW solar power project in Ninh Thuan province faces a dilemma: 40 percent of its capacity still cannot be sold, causing a big loss to its investor, the Trung Nam Group.
The Government Office sent a dispatch to the Minister of Industry and Trade regarding recommendations to deal with shortcomings in building and issuance of a pricing mechanism for electricity generation of transitional wind and solar-power plants.
More than 4,000 solar power systems have been invested in Binh Duong Province, worth about VND12 trillion (US$51.1 million).
Dr Le Hai Hung says renewable power plants occupy much land, but environmental concerns remain controversial, and in the next 10 years, it will not be a reliable energy source for business production and people’s daily life.
Investors have repeatedly complained that prices for clean power are too low, but the Ministry of Industry and Trade (MOIT) has said the prices for wind and solar power were set after suggestions by an independent consultancy council.