Clenergy Supports COD Deadline for Vietnam’s Newly Approved FITs

Thursday April 9, 2020 at 3:25 pm

Vietnam Government Office

Image Courtesy: shutterstock

The 2nd Feed-in-Tariff for Solar in Vietnam was officially released by their government on the 6th of April. It appears to be what the local market expected. The local government has set a new feed-in tariff (FIT) rate for #FloatingSolar, #Rooftop and utility-scale applications. The FIT tariff table is below.

S. NoSolar Power ProjectElectricity Rate
Vietnamese DongEquivalent to US cents/ kWh
1Floating1,783$0.0769
2Ground-Mount1,644$0.0709
3Rooftop1,943$0.0838

“We have been anticipating the FIT 2 for over 10 months and it is a much-needed boost for Utility-scale projects moving forward in Vietnam. Even though the time frame for completion is very tight, we believed many projects will still be able to achieve the COD (Commercial Operation Date) in time by 31 Dec 2020” – said Vincent Chan, Regional Manager– International Sales Dept.

With over 400MW of mountings supplied into Vietnam for Utility projects, Clenergy has the experience, capacity, and capability to deliver the most cost-effective solutions in time to reach the COD. Please contact your local team to have further discussion on your projects.

Phone: +86 592 3110095
Esales_vietnam@live.clenergy.com.au
Zalo: +86 13696993433

For more information on the release, download the letter from the Prime Ministers office of the Social Republic of Vietnam.