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Here is everything you need to know about Vietnam solar energy policy.
Vietnam solar industry saw tremendous growth during 2020 with a record 101,996 rooftop solar power installations (RTS) and 9,583 megawatt peak capacity (MWp). This success is driven by the Prime Minister Decision No. 13/2020/QD-TTg (“Decision 13”) on Mechanisms to Promote the Development of Solar Power Projects in Viet Nam. It stipulated a feed-in-tariff FiT2 that allows solar owners sell surplus solar energy to EVN (public PPA). Circular 18 allowed solar owners to sell electricity to other parties than EVN (direct power purchase agreement, DPPA).
Decision 13 and FiT2 price sales contract with EVN application expired on 31 December 2021.
MOIT submitted Draft policy with revised lower solar sales prices (FiT3) in March 2021 and this has since been under review, most likely postponed due to Covid-19 pandemic impact.
Source: Saigon Times – Suntiki interview on Vietnam C&I solar market 2021.
It follows on top of the previously successful Decision 11 with FiT1 of 9.35 c/kWh (2,066đ) for both rooftop and ground mount. Within just 2 years from an almost non existent solar market, this policy Vietnam as the leading ASEAN solar market!
| Size kwp | Decision 11 FiT1 | Decision 13 FiT2 | Draft Decision FIT3 | |
|---|---|---|---|---|
| Time | 2017-06/2019 | 07/2019-2020 | Not yet approved | |
| Rooftop solar | <20kwp | 9.35$ | 8.38$ | 6.84$ |
| 20-100kwp | 6.35$ | |||
| 100-1,250kwp | 5.89$ | |||
| Ground mount solar | 9.35$ | 7.09$ | Comp. Auction | |
| Floating solar | 7.69$ | |||
| Cumulative Capacity | - 12/2018: 105MW - 12/2019: 4,898MW | 16,752MW | 12/2021: 16,902MW tentative! |
total solar installed nationally since 2017.
CT TNHH Suntiki Solar is a solar energy company based in Vietnam. We consult, survey, engineer and install rooftop solar panel systems for residential, commercial, industrial such as factories, farms, villas, industrial parks and others.
