Solar energy design price in Vietnam

How much does a solar project cost in Vietnam?

Vietnam’s Ministry of Industry and Trade (MIOT) recently introduced new ceiling prices for solar and wind projects that sell electricity to Electricity of Vietnam (EVN). The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects.

How much does a ground-mounted solar project cost in Vietnam?

The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects. Vietnam’s Ministry of Industry and Trade (MIOT) has set new price ceilings for the so-called “transitional” wind and solar projects.

What are Vietnam's 'transitional' wind and solar projects?

Vietnam’s Ministry of Industry and Trade (MIOT) has set new price ceilings for the so-called “transitional” wind and solar projects. These are renewable energy projects that failed to qualify for the expired feed-in tariff scheme and will now be allowed to sell power to Vietnamese utility EVN through power purchase agreements (PPAs).

How much solar power does Vietnam have?

There has been no official confirmation from the Vietnamese government thus far. According to Apricum’s latest data, the country has installed around 18.47 GW of solar capacity. This content is protected by copyright and may not be reused.

How much does a solar project cost?

The MIOT reduced the ceiling price for ground-mounted solar projects from $0.0709/kWh to $0.0502/kWh, a 29% decrease. The ceiling price for onshore wind decreased by 21%, from $0.085/kWh to $0.0672/kWh.

Why should Vietnam invest in solar power?

Vietnam can leverage domestic solar manufacturing to meet domestic demand, implement direct power purchase agreements (DPPAs) enabling private renewable supplies, accelerate grid and battery storage infrastructure, and avoid costly LNG imports by prioritizing renewables.