Regulation on Grid Connected Solar Power Investment Project
The Ministry of Industry and Trade has recently issued Circular 16/2017/TT-BCT on project development and the model purchase contract for solar power projects.
Accordingly, the grid connected solar power investment projects are regulated as follows:
– The investor can only set up a solar power investment project included in the provincial and national level solar-power development plan; or provincial and national power development plan that are approved.
– The contents of the solar power investment project must comply with the regulations on management of investment in construction and the following requirements:
+ Evaluate the impact of solar power project connection plan on the power system in the area.
+ Having equipment connected to the SCADA system or moderation information so that the forecast information on electricity output can be transmitted per hour to the regulated agency.
– The equity ratio of grid connected solar power projects should not less than 20% of the total investment.
– The area of long-term land use shall not exceed 1.2 ha/01 MWp.
Circular 16/2017/TT-BCT takes effect on October 26th 2017.
In early 2017, Vietnam government has re-structured electricity sector with vision up to 2020. Accordingly, sustainable energy has been targeted to one of the growing sources in the coming future despite higher cost of development.
Vietnam has updated national power development plan up to 2020. Building more thermal power plant will still be the main driver for sources of energy in the future development although concerns have arisen for environmental control.