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ARTICLE · 14 NOVEMBER 2020

MOIT Proposes New Fit Rate For Wind Power Projects

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On 28 October 2020, the Ministry of Industry and Trade (MOIT) issued Official Letter No.8159/BCT-DL to collect comments from other Ministries and relevant agencies...

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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On 28 October 2020, the Ministry of Industry and Trade (MOIT) issued Official Letter No.8159/BCT-DL to collect comments from other Ministries and relevant agencies on solutions for difficulties in wind energy project development. The comments were combined into a Draft report for the Prime Minister's review and approval.

A notable provision of the Draft report is for wind power projects that have been supplemented into the power development planning and do not meet the COD deadline for current wind FiT rate of November 2021, the new applicable FiT rate shall be:

No. Category FiT rate for onshore projects (Uscent/kWh) FiT rate for offshore projects (Uscent/kWh)

1 Projects reaching COD from November 2021 to December 2022 7,02 8,47

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