Solar sector waits on FiT power-up

As Vietnam looks to raise the nation’s renewable energy sources, foreign investors are sensing an opportunity for solar energy projects. But low feed-in-tariffs are slowing this movement, to the dismay of both local and international organisations. Representatives of six German firms recently came to Vietnam to explore the potential of the country’s solar photovoltaic market. The firms include IBC Solar AG, M+W Group GmbH, Droege Energy GmbH, CARERA Solar/Hydro UG, ILF Consulting Engineers GmbH, and Syntegra Solar International AG. They introduced their products and services to 150 Vietnamese companies during bilateral co-operation meetings. Peter Cattelaens, deputy programme director of German-backed GIZ Energy Support Programme in Vietnam, said that “German firms in the solar PV sector can now seize a number of attractive business opportunities in Vietnam.” Not only German firms, companies from the UK, South Korea, the US, and Canada are also eyeing solar power projects in the Southeast Asian country.

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