Vietnam extends feed-in tariffs for wind projects to 2023

An auction system is being mulled over to replace FiTs after 2023.

The Prime Minister of Vietnam has approved the extension of feed-in tariffs (FiTs) for wind power projects . The FiTs, originally applied to wind projects that are scheduled to enter commercial operations before November 2021, will be extended until the end of December 2023.

In September 2018, the Vietnamese government set the 20-year FiT at US$0.085c/kWh for onshore wind power projects and at US$0.098c/kWh for offshore wind projects commissioned before 1 November 2021. An auction system is under consideration to replace FiTs after 2023.

In April, the government unveiled new feed-in tariff rates for utility-scale, rooftop and floating solar projects. FiT prices per kWh were determined based on three technology types: ground-mounted projects will receive $0.0709 (VND1,644), floating solar energy projects $0.0769 (VND1,783) and rooftop solar energy projects $0.0838 (VND1,943).

This article was originally published by Enerdata.

Also Read

Why Japan wants LNG exporters to produce more despite weak domestic demand

India, US explore collaboration in grid modernisation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit