Vietnam finally unveils new FITs for large-scale, rooftop, floating PV

The Vietnamese government has set new feed-in tariff (FIT) rates for utility-scale, rooftop and floating solar installations.

The new purchase price for electricity generated by ground-mounted PV plants is $0.0709/kWh over a period of 20 years, and $0.0838/kWh for rooftop PV arrays. The government will also offer a FIT rate of $0.0769/kWh for floating solar projects, according to Decision 13/2020/QD-TTg, which was issued by Vietnamese Prime Minister Nguyen Xuan Phuc on Monday.

PV developers will only qualify for the new rates if they put their projects into commercial operation by Dec. 31, 2020. All other projects will be subject to price determination through a competitive bidding process, state-run utility EVN said in an online statement.

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Brian Publicover