Solar power is expected to boom after Decision 13
Decision No.13/2020/QD-TTg regulates mechanisms encouraging solar power development in Vietnam
Decision No.13/2020/QD-TTg issued on 6 April 2020 on encouraging mechanisms for solar power development in Vietnam, sets the deadline of December 31 for solar systems of any scale to attain a certificate of delivery and enjoy the feed-in tariff 2 (FiT2) rate, which is considered to be financially attractive. The price of each kilowatt-hour generated from ground-mounted, floating, and rooftop solar initiatives are 7.09, 7.69, and 8.38 US cents, respectively. These numbers have been viral in the investment community since last year and now they are finally confirmed.