Price of photovoltaic panels on factory roofs in Hanoi

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6 Frequently Asked Questions about “Price of photovoltaic panels on factory roofs in Hanoi”

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.

Which rooftop solar systems can be developed in Vietnam?

According to the provisions of decision 13, only rooftop solar systems directly or indirectly connected to the national grid will be developed after registering for connection with the Vietnam Electricity Corporation or units authorised by the Vietnam Electricity Corporation are eligible.

How does a rooftop solar system work in Vietnam?

According to decision 13, after registering for connection with the Vietnam Electricity Corporation or its authorised member units, rooftop solar systems connects directly or indirectly to the national power grid and invests in development, selling excess electricity to EVN, organisations and individuals.

What is a rooftop solar system?

A rooftop solar system involves the installation of solar panels on a building's roof with a power capacity that does not exceed one megawatt. As per Vietnam Electricity Group's guidelines (decision 13), (1) feed-in tariff (FiT) prices are only specified for projects with a commercial operation period of up to 24 hours on 31 December 2020.

Can rooftop solar systems be sold to EVN?

However, the new proposed regulations in the draft decree will almost completely shut down the consideration of rooftop solar systems as a business form because investors are not allowed to sell any surplus electricity to any other organisation or individual. If sold to EVN, the price is zero dong.

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