Ministry stipulates solar power purchase price

The Ministry of Industry and Trade has issued a circular, stipulating solar power purchase price at VND2,086 per kWh (9.35 US cents).

Solar panels at a farm in Lam Dong province (Photo: SGGP)

Solar panels at a farm in Lam Dong province (Photo: SGGP)

The price will be adjusted according to fluctuations in VND/USD exchange rate.
According to the ministry, the circular’s issue is to make transparent solar power development procedures in Vietnam, boost investment in this field, increase power system capacity and gradually raise the ratio of renewable energy in the national electricity system.
It also aims at less dependence on depleting fossil fuel, energy security, greenhouse gas emission reduction, environment protection and sustainable development.

By T.VAN – Translated by Hai Mien

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