The Hanoitimes – An expert from IEEFA said the vision for solar power in Vietnam remains positive when attracting a number of foreign investors. Vietnam has installed roughly 4,460MW of solar power within a very short period of time, beating all expectations of developing renewable energy in the country where fossil fuel has played a crucial role for decades. Vietnam Rewewable Energy Week draws the participation of many local and international experts. Photo: GreenID The impressive surge in solar capacity has been recorded after developers rushed to complete their solar farms prior to June 30, 2019 – the deadline for which the solar power makers will benefit the government’s solar feed-in-tariff (FiT) of US$0.09 per kWh for 20 years. As a result, the Vietnamese renewable policymakers have been rewarded for their steady management of the solar FiT program, the Institute for Energy Economics and Financial Analysis (IEEFA) has said. The IEEFA calls it a positive outcome because regional experts were cautious about whether the program offered enough upside to funders focused on market risk. This will support Vietnam’s fast growing economy at a time when the country’s slow-moving pipeline of baseload coal projects faces new environmental challenges, according to… Read full this story
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