Close to 90 solar projects ‘sprinting’ for Vietnam’s June FiT deadline

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Vietnam's first edition of its solar feed-in tariff has a deadline of 30 June. Credit: Jetion

Close to 90 solar power plants are in the rush for completion before Vietnam hits its first feed-in tariff (FiT) deadline on 30 June, according to the Southeast Asian nation's monopoly utility EVN.

EVN, which must be the off-taker for projects applying for FiT support has released an update on the challenges it expects to face as the new plants come online.

Grid congestion at two major PV hotspots, Ninh Thuan and Binh Thuan provinces, has already been well documented. It was behind the Ministry of Industry and Technology (MOIT) decision to opt for a second version of the FiT model, which incentivises the location of projects in lower-irradiation provinces – particularly in the north of the country – post 30 June 2019.

For the first instalment of the FiT, however, there are just 6 projects in the North, 54 projects in the South, and 28 projects in the Central region. EVN described the many companies as “sprinting” towards the FiT finish line, as they aim to test and obtain granted commercial operation date (COD) certificates in a short period of time.

EVN has said a large concentration of solar power capacity in any one region poses “an inherent threat to the stability of power system” as all the PV plants would likely be subject to the same fluctuation trends due to weather conditions. The utility also stressed the importance of PV projects not overloading power lines and substations, particularly in the aforementioned Ninh Thuan, Binh Thuan provinces.

At the end of March 2019, EVN organized a conference in order to consult with project owners about the regulatory draft on procedures for testing, acceptance and verification of COD, as well as to recommend solutions to overcome any obstacles relating to the deadline.

Large-scale projects have started to spring up in Vietnam of late. For example, Vietnamese company BIM Group and Filipino firm AC Energy connected to the grid 330MW of PV capacity spread across three projects in Ninh Thuan, with one 250MW plant being the largest solar installation in Southeast Asia to date.

Vietnam's government is said to be working on tender documents for solar PV, but for the near future it is continuing to push through its FiT subsidy programmes.

Read Next

October 13, 2021
EDF Renewables has targeted Vietnam’s solar market by investing in rooftop PV installer SkyX Solar, a subsidiary of investment management firm VinaCapital.
PV Tech Premium
October 12, 2021
The desire to invoke a solar manufacturing renaissance in Europe was one of the key points of discussion at Intersolar Europe 2021, with much talk of heightened demand for ‘Made in Europe’ products. But how far away is Europe from establishing a complete value chain on the continent, and what are the hurdles that remain? Liam Stoker reports.
October 12, 2021
The investment required to upgrade and expand transmission infrastructure across the world will be a key challenge as more renewables come online, consultancy EY has warned.
September 27, 2021
Solar Module Super League’ (SMSL) member JinkoSolar is investing US$500 million to set up a monocrystalline ingot and wafer manufacturing facility in Vietnam that will supply its cell and module plants in the US and Malaysia.
September 1, 2021
Vietnam officials have teased new details of a scheme designed to replace the country’s successful solar feed-in tariff (FiT) policy.
August 17, 2021
Petitions have been filed in the US requesting the launch of investigations into several solar manufacturers accused of circumventing antidumping and countervailing duties by using entities based in Southeast Asia.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021