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ARTICLE · 13 JULY 2021

Solar Power Auction System: What You Must Know

Duane Morris LLP
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In late January 2021, the Ministry of Industry and Trade ("MOIT") issued the draft Decision of the Prime Minister guiding the selection of investors implementing solar power projects under the bidding mechanism ("the Draft").

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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In late January 2021, the Ministry of Industry and Trade ("MOIT") issued the draft Decision of the Prime Minister guiding the selection of investors implementing solar power projects under the bidding mechanism ("the Draft"). Since the latest Decision 13/2020/QD-TTg applies to grid-connected projects with Commercial Operation Date ("COD") by 31 December 2020 latest, it is expected that the Draft will soon be finalized and become effective so solar energy developers as well as relevant government authorities can have guidelines for projects with COD from 2021. As of July 2021, it is reported that a newer version of the Draft is being prepared by the MOIT and will soon be published for public comments. MOIT is directing its Electricity and Renewable Energy Department to coordinate with international agencies including the World Bank and Asian Development Bank to develop the bidding mechanism for renewable energy development that is expected to apply after 2021

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