The Government of Vietnam has released Decision No. 11 as the new official policy for the development of solar power projects in Vietnam. Decision No. 11 is aimed at enabling the private sector to invest in clean energy sources that can help meet the country’s surging demand for electricity. Among other things, it provides for a Feed-in-Tariff ("FiT") of USD cents 9.35 per kWh for grid-connected projects, as well as a net-metering scheme for rooftop projects. However, Decision No. 11 leaves a number of issues unresolved, which may have an impact on the bankability of solar projects, especially for large utility scale solar power plants.
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