Vietnam retains FiTs for solar rooftop until 2021

The tariff has been set to 9.35 cents per kWh until 2021 to lure solar developers.

Following recommendations by the Ministry of Industry and Trade, Vietnam's power utility Electricity of Vietnam (EVN) has agreed to maintain the current feed-in tariffs for solar rooftop installations at US$9.35c/kWh until 2021, in order to encourage solar development.

Rooftop installations are progressing in Ho Chi Minh City, which benefits from a high solar radiation level and whose solar power potential is estimated at 6,300 MW. By the end of 2020, the installed rooftop capacity in Vietnam is expected to reach 2 GW. Authorities are considering making rooftop solar installations mandatory for administrative and non-commercial agencies and beneficiaries of public funding. Preferential loans or incentives could be provided to encourage installations. EVN and suppliers of rooftop installations already offers incentives, promotions on solar panel prices, and interest-free loans.

This article was originally published by Enerdata.