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ARTICLE · 05 OCTOBER 2021

New Pricing Framework For Solar And Wind Power Projects

Duane Morris LLP
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In a press conference on 30 September 2021, the Ministry of Industry and Trade ("MOIT") confirmed that there would be NO FIT extension for wind energy projects after 31 October 2021.

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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In a press conference on 30 September 2021, the Ministry of Industry and Trade (“MOIT”) confirmed that there would be NO FIT extension for wind energy projects after 31 October 2021.

The Ministry of Industry and Trade recently issued a new draft Circular on regulations on methods of building electricity generation price brackets and determining electricity generation prices, power purchase agreement for solar and wind energy projects. This Circular will apply to solar energy projects that have not met the COD deadline of 1 January 2021 or wind energy projects that have not met the COD deadline of 1 November 2021. Though it is only at draft stage, it is expected that the Circular will come into force soon and give developers as well as investors clarity on renewable power projects development and related transactions.

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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