Favourable feed-in tariff rates have created an investment frenzy in the solar industry, however long-term, stable policies are needed for sustainable growth in the sector, Photo: Le Toan Some people are calling it a ‘gold rush’. From Thailand to the United Arab Emirates, global players with experience in solar energy generation are sending representatives to Vietnam in search of the huge energy boom. “Solar power in Vietnam has become hotter than ever,” remarked Rainer Brohm of the German development agency GIZ at the recent Renewable Energy Week, adding that the boom started when the Vietnamese government’s Decree No.11/2017/QD-TTg on mechanisms for encouraging the development of solar power in Vietnam was released. Much registration, less progress The Ministry of Industry and Trade (MoIT) recently released impressive figures, as the total output of solar power projects approved to be added to the Power Development Plan VII is quite large. The … [Read more...] about FiT rates heat up solar power interest