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ARTICLE · 04 MARCH 2019

PM Confirms New "Official" Proposed New Solar Feed In Tariffs

Duane Morris LLP
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Two weeks ago the MOIT released proposed new FiT rates for solar projects in Vietnam, to apply after the current FiTs expire on 30 June 2019.

VietnamEnergy and Natural Resources

Two weeks ago the MOIT released proposed new FiT rates for solar projects in Vietnam, to apply after the current FiTs expire on 30 June 2019. They were pored over with great interest by many parties both currently developing projects and those interested in the market. It seems however, that someone was jumping the gun. The Prime Minister has just re-announced the "official" new proposed FiTs without further explanation.

The table below sets out what these new official proposed rates are. With the sole exception of integrated projects in Region 3, these new official proposed FiTs are slightly higher across the board compared with the figures publicized by the MOIT recently. The new proposal also divides the country into 4 distinct regions, instead of 3 as per the MOIT's initial information.

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