Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 1 - Jan/Feb/Mar 2023
 

Feed-in-tariffs for Transitional Solar and Wind Energy Projects

On 7 January 2023, the Ministry of Industry and Trade issued Decision No. 21/QD-BCT ("Decision 21") to set the feed-in-tariffs ("FiTs") for transitional solar and wind projects under Circular 15/2022/TT-BCT.


In particular, the FiT rates in Decision 21 apply to certain projects that were unable to achieve the cut-off commercial operation date, i.e. 31 December 2020 for solar and 31 October 2021 for wind, thus becoming ineligible to enjoy FiT rates according to the Government's renewable energy policies at the time. Under Decision 21, the following FiTs apply:


  1. Ground-mounted solar: 1,184.9 VND/kWh (4.94 US cents/kWh)
  2. Floating solar: 1,508.27 VND/kWh (6.28 US cents/kWh)
  3. Onshore wind: 1,587.12 VND/kWh (6.61 US cents/kWh)
  4. Offshore wind: 1,815.95 VND/kWh (7.57 US cents/kWh)



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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