After months of confusion and uncertainty over the future of renewable projects in Vietnam, Prime Minister Nguyen Xuan Phuc has announced that the country will go back to conducting solar auctions, doing away with the feed-in-tariff (FiT) mechanism.
Speaking on the topic of FiT, which has been prevalent for rooftop solar projects in the country, the prime minister said that the development of the solar sector requires the introduction of an auction system for the ground-mounted solar projects.
