ARTICLE · 27 AUGUST 2020

Circular 18: New Template PPA And Revised Regulations On Solar Power Developments

Duane Morris LLP

Circular No. 18/2020/TT-BCT ("Circular 18") [1] was recently issued by Vietnam's Ministry of Industry and Trade, and provides regulations on the development of solar power projects to guide the Prime Minister's Decision 13 issued in April 2020.

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Duane Morris

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Circular No. 18/2020/TT-BCT ("Circular 18") ¹ was recently issued by Vietnam's Ministry of Industry and Trade, and provides regulations on the development of solar power projects to guide the Prime Minister's Decision 13 issued in April 2020. Circular 18 is effective from 31 August 2020 and supersedes Circular 16 on the same subject matter.²

Circular 18 introduces updated template power purchase agreements ("PPAs") as well as revised regulations for the development of i) grid-connected solar farms; and ii) rooftop solar power systems.

Despite rapid growth and significant investment potential, the Vietnamese renewable energy market and associated regulatory regime remains highly complex and constantly evolving.

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Circular 18: New Template PPA And Revised Regulations On Solar Power Developments

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