Excess rooftop solar power can be sold to the national grid at no more than 20 per cent of the installed capacity, according to a new Government decree on encouraging self-produced and self-consumed rooftop solar power issued on Tuesday.
The installment and use of rooftop solar power in industrial zones is still struggling due to the lack of detailed regulations and incentive policies to encourage investment.
The power can still be connected to the national grid but transmission can only priced at VNĐ0, a requirement that has sparked controversy with opponents saying the policy is counterproductive as a way of encouraging the public and businesses to participate.
The localisation rate of the supply chain as well as the engagement of Vietnamese firms in providing services to the wind and solar power industry remained modest.
Accordingly, MoIT requested EVN to review, synthesise and propose economic solutions for 14 solar power projects that have been enjoying the incentive price mechanism (FIT) which are not consistent with the content of Resolution No 115/NQ-CP dated August 31, 2021.
The Government Office recently sent an urgent dispatch to the Minister of Industry and Trade regarding recommendations to deal with shortcomings in the building and issuance of a pricing mechanism for electricity generation of transitional wind and solar power plants.
EVN believes that determining the average annual power output of wind and solar power plants to determine electricity prices would be more complicated than traditional energy projects.
According to World Bank data, Viet Nam currently leads installed solar power capacity in Southeast Asia, increasing from 86 MW in 2018 to 16,500 MW in 2020, putting Viet Nam in the top ten countries of installed solar capacity in the world.
Deputy Prime Minister Le Van Thanhh told the Ministry of Industry and Trade (MoIT) to reduce the solar capacity and increase offshore wind power in the draft Power Master Plan VIII.