
Vietnam is preparing to launch a new net-metering scheme for rooftop photovoltaic (PV) systems next week, according to a report from the state-run news outlet Baochinhphu.
Under the new policy, the amount of excess PV electricity that can be sold back to the grid will increase to a maximum of 20% of the total power generated by a rooftop installation, up from the previous limit of 10%.
Additionally, the net-metering tariff for surplus electricity will now be based on the average electricity price from the previous year, with the Ministry of Industry and Trade (MoIT) proposing an initial rate of VND 671 (around $0.027) per kWh.
As of the end of 2023, Vietnam has successfully installed over 17 GW of PV capacity, primarily through a now-expired feed-in tariff program that supported both small-scale and utility-scale projects. Despite this progress, the government has not rolled out a new auction program since the last one expired. Instead, it is facilitating bilateral power purchase agreements (PPAs) and working to liberalize the electricity market.
The National Power Development Plan VII has revised its solar energy targets through 2045, aiming for 13.6 GW of utility-scale PV and 3.4 GW of rooftop solar capacity. To address anticipated declines in solar generation, the plan also focuses on expanding both onshore and offshore wind power and importing electricity from Laos.
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