Solar power is expected to boom after Decision 13

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.

Download Decision No.13/2020/QD-TTg here