Vietnam opens energy market to bilateral PPAs
The Vietnamese government issued new rules this week allowing DPPA between IPPs and energy consumers, according to state-owned press agency Baochinhphu.
The new provisions were implemented via the Decree No. 80/2024/ND-CP, which is now in force. The Ministry of Industry and Trade (MoIT) will oversee the development of the PPA market.
IPPs will be allowed to sell power to buyers either via the national grid or direct connection lines.
With the first option, the sellers will sign PPAs with local utility EVN, which will in turn sign PPAs with the buyers. Buyers and sellers will then sign contract-for-difference (CfD) deals on a price per kilowatta basis.
With the second option, IPPs and buyers agree directly on the contracted terms and have the possibility to sell excess power to EVN.
Before introducing the new rules, the Vietnamese government backed large-scale solar via a feed-in tariff (FIT) program that expired in 2020.
Vietnam had 17.07 GW of solar capacity by the end of last year, according to the latest data from the International Renewable Energy Agency (IRENA). About 11 GW of the total was installed in 2020, with only 1 GW added in the preceding three years.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Please login to comment
[…] Vietnam abre el mercado energético a los PPA bilaterales El Gobierno vietnamita ha publicado esta semana nuevas normas que permiten los acuerdos directos de compra de electricidad (DPPA) entre productores independientes de electricidad (IPP) y consumidores de energía, según los medios de comunicación estatales. A partir de ahora, los IPP podrán vender energía a clientes finales a través de la red nacional o de líneas de conexión directa. […]
[…] Vietnam abre el mercado energético a los PPA bilaterales El Gobierno vietnamita ha publicado esta semana nuevas normas que permiten los acuerdos directos de compra de electricidad (DPPA) entre productores independientes de electricidad (IPP) y consumidores de energía, según los medios de comunicación estatales. A partir de ahora, los IPP podrán vender energía a clientes finales a través de la red nacional o de líneas de conexión directa. […]
[…] Vietnam abre el mercado energético a los PPA bilaterales El Gobierno vietnamita ha publicado esta semana nuevas normas que permiten los acuerdos directos de compra de electricidad (DPPA) entre productores independientes de electricidad (IPP) y consumidores de energía, según los medios de comunicación estatales. A partir de ahora, los IPP podrán vender energía a clientes finales a través de la red nacional o de líneas de conexión directa. […]
[…] năng lượng. Trong những tháng gần đây, chính phủ đã hành động nhanh chóng vấn đề Một loạt các quy định để cải thiện khả năng tiếp cận năng lượng tái […]