The Vietnamese government has announced plans to switch from subsidizing PV deployment through feed-in tariffs in favor of a new auction mechanism.
With Notification No. 402/TB-VPCP, Vietnam’s Ministry of Industry and Trade (MOIT) has decided to support large-scale solar deployment via procurement exercises from next year, marking a clear shift away from earlier promises to reboot its FIT scheme.
The MOIT might still grant some FIT contracts to certain projects, including installations with signed power purchase agreements that are set to come online next year, in addition to rooftop solar projects, according to Lexology. Special rules to extend the scheme in Ninh Thuan province by 12 months, with a 2 GW cap, will also remain in place, but in modified form.