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Vietnam Solar Program Beats Expectations - IEEFA

Power News - Published on Fri, 20 Sep 2019

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A new report out by the Institute for Energy Economics and Financial Analysis said that Vietnam’s renewables policymakers have been rewarded for their steady management of the solar feed-in-tariff program with impressive renewable capacity gains. The report Vietnam’s Solar FiT Program Delivers: Watch for Progress on the Grid and Wind analyses Vietnam’s solar success along with the steps needed to support improved performance for the country’s renewables program.

Vietnam’s solar FiT program awarded a USD 0.09 per kilowatt tariff to solar developers delivering new capacity by the end of June 2019. This is a positive outcome because regional experts were cautious about whether the program offered enough upside to funders focused on market risk. In the end, the doubters were proven wrong and Vietnamese consumers will benefit from an estimated 4.46 gigawatts of new clean solar capacity. This will support Vietnam’s fast-growing economy at a time when the country’s slow-moving pipeline of baseload coal projects faces new environmental challenges and deteriorating economics due to rapid improvements in cost-effective renewable solutions.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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