The Vietnamese authorities issued new guidelines this week permitting DPPA between IPPs and power customers, in response to the state-owned Baochinhphu press company.

The new provisions have been carried out by Decree No. 80/2024/ND-CP, which is now in impact. The Ministry of Industry and Trade (MoIT) will oversee the event of the PPA market.

IPPs are allowed to promote electrical energy to patrons by the nationwide grid or direct connection strains.

With the primary possibility, sellers signal PPAs with native utility EVN, which in flip indicators PPAs with patrons. Buyers and sellers then signal contract-for-difference (CfD) offers on a value per kilowatt foundation.

With the second possibility, IPPs and patrons immediately agree on contractual phrases and have the likelihood to promote extra energy to EVN.

Before the brand new guidelines have been launched, the Vietnamese authorities supported large-scale photo voltaic by a feed-in tariff (FIT) program that led to 2020.

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Vietnam had 17.07 GW of photo voltaic capability on the finish of final 12 months, in response to the most recent knowledge from the International Renewable Energy Agency (IRENA). About 11 GW in whole have been put in in 2020, with only one GW added within the final three years.

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