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In its report on "Strategy and competitive bidding framework for solar power projects in Vietnam", the World Bank (WB) has proposed two options for implementing the solar power projects: (1) Competitive bidding for solar parks and (2) Competitive bidding by transformer substations. According to the World Bank, these approaches will resolve issue on “deflation”, as well as improve sharing risks between the state and private investors.

From July 2019, Viet Capital Bank (VCBANK) has implemented a consumer trust loan package with a support up to 100% capital for individual customers to install the rooftop solar power projects for the need of daily living or production and business.

  According to the Department of Planning and Investment (DOPI) of Ninh Thuan province, up to now, this province has issued investment decisions for 27 solar projects with a capacity of  1,618.85 MW.

The signing ceremony on official investment cooperation for investment in Dau Tieng 1&2 solar power projects between Xuan Cau (Vietnam) Ltd. and Grimm Power Public Ltd. (Thailand) was held in Thailand. 

On the basis of the supplement to the power development plan of Tay Ninh province in the period of 2011-2015, with the vision to 2020 of the Ministry of Industry and Trade, up to now, Tay Ninh province has attracted over 14,300 billion of 3 enterprises to invest in solar power projects with a total capacity of 560 MWp in semi- flooded area of Dau Tieng reservoir, belonging to Duong Minh Chau and Tan Chau districts.

Investors have shown interest in solar energy sector in the central coast province of Khanh Hoa, with about 10 solar projects applying for investment licenses in the province.

The information from Khanh Hoa Provincial People’s Committee (PPC) shows that the provincial administration has just agreed to invest the two solar power projects with a total capacity of 150 MW in this province.

The Electricity of Vietnam (EVN) has just issued a Notice to the Electricity Corporations, Electricity Telecommunications and Information Technology Companies about the purchase price of electricity from rooftop solar power systems in 2024.

According to Vietnam News Agency (VNA), on September 11, the Asian Development Bank (ADB) signed a loan agreement worth 13.8 million USD to finance Vietnam Green Yellow Smart Solutions Company (Green Yellow) to deploy the rooftop solar power system for increasing the clean energy supply at affordable prices for business and manufacturing customers. This is ADB's first grant in its rooftop solar power investment portfolio for the production and business segment in Vietnam.

The starting construction ceremony of Phuoc Thai 2 and Phuoc Thai 3 solar power projects has just taken place in Phuoc Thai commune, Ninh Phuoc district, Ninh Thuan province.

The Vietnam Energy Review would like to update the status for accepting documents, negotiating and approving results of electricity prices, signing power purchase agreement (PPA), checking and taking over the transitional renewable energy (RE) projects on the morning of July 26, 2023 by the data of Electricity of Vietnam (EVN) for reader’s reference.

After the conference between the Ministry of Industry and Trade (MOIT), the Electricity of Vietnam (EVN) and the investors of the transitional renewable energy (RE) projects, in May 24 and 25, 2023, MOIT issued 2 documents for guiding to remove deadlock in transitional wind and solar power projects.

In order to negotiate and agree on the electricity prices of a part of the power project/the whole power project without electricity prices, the Power Trading Company (EVNEPTC) has just sent a written document to request the solar and wind power investors, to check the legal documents of the projects complying with the legal regulations on investment and construction or not. Especially, the evaluating documents of the power system operation units about the absorption ability of the national power system, as well as the ability to release the capacity of the power grid related to the project.

From the results of the international conference "Policies for developing the wind, solar and gas power projects in Vietnam" organized by the Department of Electricity and Renewable Energy - Ministry of Industry and Trade, Scientific Council of Vietnam Energy Magazine at the end of August 2022 in Ho Chi Minh City, the Conference Organizing Committee has reported to the Prime Minister and the Central Economic Commission on mechanisms and policies for developing these power projects in coming time.

The Prime Minister's Decision No. 13/2020 / QD-TTg dated April 6, 2020 on the mechanism to encourage solar power development in Vietnam will expire after the date 31/12/2020 and so far there is no new Decision of the Prime Minister and the next guidance of the Ministry of Industry and Trade (MOIT) for these issues. Therefore, the EVN should stop receiving and solving requirements on connection and signing power purchase agreement (PPA) for the rooftop solar power projects developed after December 31, 2020 until the new guidelines from the competence authorities.