{"id":834,"date":"2018-09-07T08:58:21","date_gmt":"2018-09-07T01:58:21","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/vietnam\/?p=834"},"modified":"2018-09-07T08:58:21","modified_gmt":"2018-09-07T01:58:21","slug":"vietnam-renewable-energy-new-feed-in-tariffs-for-wind-energy-amazing-development-solar-power-special-policy-for-ninh-thuan-and-ongoing-draft-policy","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/vietnam\/2018\/09\/07\/vietnam-renewable-energy-new-feed-in-tariffs-for-wind-energy-amazing-development-solar-power-special-policy-for-ninh-thuan-and-ongoing-draft-policy\/","title":{"rendered":"VIETNAM \u2013 RENEWABLE ENERGY \u2013 NEW FEED IN TARIFFS FOR WIND ENERGY – AMAZING DEVELOPMENT – SOLAR POWER – SPECIAL POLICY FOR NINH THUAN AND ONGOING DRAFT POLICY"},"content":{"rendered":"

RECENT DEVELOPMENT <\/strong>
\nUntil June 2018, approx. 286 solar power projects of total capacity of 19,300 MW have been submitted to the licensing authorities to be supplement to the Power Master Plans, but only 100 projects have been approved (approx. 4,700 MW). We also note that 90% projects are still in other licensing processes such as application for investment registration license, construction permit, etc.
\nAt least 10 solar power projects that investors have signed PPAs with EVN recently. By end of September 2018, the first solar energy project will connect to the national power grid (35 MW in Hue province).
\nWith regards to the remaining projects have not yet been included in the Power Master Plans, the Deputy PM Trinh Dinh Dung has decided and instructed that MOIT must consider and approve to addition if such solar energy projects satisfy one of the following conditions:
\n\u2022\tMOIT has completed the investigation process of the application to supplement to Power Master Plan of such project; or
\n\u2022\tProjects have submitted the application to supplement to Power Master Plan to MOIT and such projects are located in provinces that have potential to develop solar energy projects. <\/p>\n

SPECIAL POLICY ONLY FOR NINH THUAN \u2013 NOT FOR OTHER PROVINCES<\/strong>
\nOn 31 August 2018, the Prime Minister Nguyen Xuan Phuc issued Resolution 115\/NQ-CP (\u201cResolution 115\u201d) to finally decide that the commercial operation date (COD) deadline (previously 30 June 2019) for solar projects in Ninh Thuan province to enjoy the 9.35 US cents feed in tariff has been extended to the end of 2020. This extension applies to those solar energy projects approved in the relevant Power Master Plan. Resolution 115 took effect on 31 August 2018 and lays to rest the badly kept secret that Ninh Thuan, a literal hot spot for solar projects, will enjoy more favorable terms than projects in other locations which remain bound to the 30 June 2019 COD deadline (as noted below). <\/p>\n

NEW REGULATIONS FOR SOLAR ENERGY PROJECTS AFTER 30 JUNE 2019?<\/strong>
\nThe Government will issue new FIT and new PPA for projects coming into operation after 30 June 2019. Such new FIT will be much more lower than the current one (verbally confirmed by Mr. Nguyen Ninh Hai, Deputy Director of New and Renewable Energy Department, MOIT).
\nThe Government is now also working on a Competition Auction System for solar power projects that may be completed at around the 2020. The new FIT will be applied only until the Competition Auction System is decided and implemented.<\/p>\n

ON GOING DRAFT POLICY ON NEW FIT FOR WIND ENERGY PROJECTS<\/strong>
\nMOIT has proposed the below a new and very promising FIT for wind energy projects to PM for his consideration and approval:
\no FIT for Onshore project: 8.5 cents
\no FIT for Offshore project: 9.8 cents
\nFYI, in current draft available to us, onshore and offshore projects are defined as below:
\n\u201cOnshore wind power project means on-grid wind power project that having its wind turbines to be built and operated on inland areas and coastal zones (NB: boundary of such inland areas and coastal zones is the average low water line for 18.6 years)
\nOffshore wind-power project means on-grid wind power project that having its wind turbines to be built and operated outside inland areas and coastal zones to the sea.\u201d<\/p>\n

*************
\nPlease do not hesitate to contact Dr. Oliver Massmann under omassmann@duanemorris.com or any lawyers in our office listing if you have any questions or want to know more details on the above. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.<\/p>\n","protected":false},"excerpt":{"rendered":"

RECENT DEVELOPMENT Until June 2018, approx. 286 solar power projects of total capacity of 19,300 MW have been submitted to the licensing authorities to be supplement to the Power Master Plans, but only 100 projects have been approved (approx. 4,700 MW). We also note that 90% projects are still in other licensing processes such as … <\/p>\n

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