The Ministry of Industry and Trade said Friday it would not consider extending the feed-in-tariff incentive price for wind power projects after Oct. 31. - VnExpress International
Vietnam proposes heavily-cut solar FIT rates from next month
A rooftop solar installation conducted in Vietnam last year. Image: Sungrow.
Vietnam is to slash feed-in tariffs available for rooftop solar installations from next month by as much as 38% in a bid to address grid pressures in the country, local media has reported.
The
Dai Doan Ket newspaper has cited Hoang Tien Dung, head of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, as stating that tariffs will be cut by between 31% and 38% to between US$0.052/kWh and US$0.058/kWh, depending on the system size.
Under the feed-in tariff 2 (FIT2) scheme, which closed to new applicants on 31 December 2020, tariff rates were as high as US$0.0838/kWh.
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Rooftop solar panels are installed on a building in Ho Chi Minh City s Go Vap District. VNA/VNS
VN to cut renewable energy capacity due to power oversupply
Wed, 17 March 2021
Low power demand coupled with an oversupply of electricity at times have forced Vietnamese authorities to cut the capacity of renewable energy plants to avoid overwhelming the national grid, according to the Ministry of Industry and Trade.
Significant investments from social resources have been poured into developing renewable energy, particularly solar energy, in recent years, according to the ministry.
However, a boom in high-capacity renewable energy projects, mainly in central and southern Vietnam, has overloaded inter-regional transmission lines and caused oversupply at times, the ministry said in Document No 1226/BCT-DTDL sent to the National Assembly’s committees for Science, Technology and Environment, and Economic Affairs and the Office of the Government explaining its stance on the power
At the working session (Photo: VNA)
HCM City (VNA) –
Lotte Group of the Republic of Korea (RoK), have
agreed to enhance their cooperation, especially in smart urban building.
The consensus was reached at a working session between
Le Hoa Binh, Vice Chairman of the municipal People’s Committee, and Lee Kang
Woo, General Director of Lotte Properties HCMC.
Binh said HCM City facilitates the investment and business operation of foreign firms in the city, including Lotte Properties HCMC and other RoK
investors.
District 2, in eastern part of HCM City, has the advantage of geographic location and convinent conditions to form a new urban area. (Photo: VNA)