New Regulatory Framework to Bolster Growth of Vietnam's
Solar Energy Sector
In its ongoing efforts to bolster renewable energy, the
Vietnamese government has passed a new circular prescribing the
power purchase agreement form between generators and Electricity of
Vietnam ("EVN") for grid-connected and
rooftop solar projects in Vietnam. With a clear regulatory
framework now in place, the solar energy sector in Vietnam is set
to grow, provided that the challenges in financing solar energy
projects can be overcome.
The much anticipated Circular No. 16/2017/TT-BCT of the Ministry
of Industry and Trade ("MOIT") on the
Development of Solar Power Projects and the Power Purchase
Agreement Form Applicable to Solar Power Projects, dated 12
September 2017 ("Circular
16") has just been released, setting the
regulatory stage for solar power investments in Vietnam. The new
Electricity and Renewable Energy Authority, which took over
responsibility for renewable energy matters
