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Thai firm B.Grimm Power has signed a power purchase agreement (PPA) with Vietnamese utility EVN for its 420MW solar project, according to a Stock Exchange of Thailand (SET) filing.

The World Bank and Vietnam’s monopoly utility EVN have installed five solar measurement stations in order to promote renewables deployment.

Vietnam’s final solar power purchase agreement (PPA) has to a large extent ignored recommended changes from a group of international Chambers of Commerce and therefore its attractiveness to foreign investors remains in doubt, according to representatives from law and finance sectors.

Vietnam-based infrastructure investment firm BCG Băng Dương and Korea’s Hanwha Group have partnered to develop and build a 100MW solar PV project in Thanh Hoa district, Long An, Vietnam.

A consortium of international chambers of commerce has advised the Vietnamese government that its draft solar PPA template is “non-bankable” and cannot attract financing for PV in Vietnam, particularly for medium and utility-scale projects, according to documents seen by PV Tech.

The Ministry of Industry and Trade of Vietnam (MOIT) has released a draft circular containing guidelines on how to develop solar PV in the country, but has failed to address a range of issues that could impact large-scale project bankability, according to analysis from multinational law firm Baker McKenzie.

Vietnam has confirmed a long-awaited feed-in tariff (FiT) scheme for utility-scale solar projects along with a net metering scheme for rooftop PV systems.