fit

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.

China added 7.21GW of solar PV in the first quarter of the year, roughly 70MW compared to the same quarter last year, according to figures from China’s National Energy Administration (NEA).

Japan may remove feed-in tariff (FiT) support for a significant number of clean energy projects certified before July last year, because they missed a deadline to secure grid access, according to provisional estimates from the Ministry of Economy, Trade and Industry (METI).

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.

Malaysia installed 31.78MW of solar PV under its Feed-in-Tariff (FiT) scheme last year, bringing cumulative capacity to 294.85MW.

The European Commission has approved French plans to develop 2.6GW of small and large-scale solar and 60MW of hydropower.

Victoria’s parliament has passed new laws that make solar feed-in tariff (FiT) rates take into account the avoided social cost of carbon and avoided human health costs attributable to a reduction in air pollution.

Andre E. Susanto, senior vice president and founder, PT Inovasi Dinamika Pratama, explains how the new regulation requires all renewable energy-based power plants to sell electricity at or below the state-owned utility PLN’s prevailing generation cost.

China will trial a green energy certificate trading scheme as it looks to reduce its exposure to feed-in tariff (FiT) payments.