By Anh Minh September 23, 2020 | 08:14 am GMT+7 vnexpress
A worker looks at wind turbines in central Ninh Thuan Province. Photo by VnExpress/Quynh Tran.
The Ministry of Industry and Trade wants to extend the incentive feed-in-tariff (FIT) period for wind power projects by a couple of years.
The current incentive FIT applies to projects commissioned before November 1, 2021, but the ministry will request Prime Minister Nguyen Xuan Phuc’s permission to extend it until the end of 2023, Minister Tran Tuan Anh said at a recent meeting.
The current 20-year incentive feed-in tariff, which was approved in September 2018, is 8.5 cents and 9.8 cents per kWh for onshore and offshore projects, respectively.
An auction system is being considered to replace the feed-in tariff after 2023.
Wind power developers say that it usually takes two or three years to complete a project, compared to just several months for solar power projects. An extension of the feed-in tariff period will give them more time to construct their plants and benefit from the pricing incentive.
However, the national utility, Vietnam Electricity (EVN), proposed in July that the feed-in tariff period should not be extended to ensure that the national grid could absorb rising output from wind and solar power plants.
An auction system will make renewable energy more competitive and reduce prices, it added.
There are 11 wind power plants with a total capacity of 429 MW, according to EVN. By the end of June, an addition of 7,000 MW of wind power was added to the national plan.Related News:
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Đăng bởi Trần Đình Hoành
I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn.
I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law.
I have published many articles on national newspapers and radio stations in Việt Nam.
In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship.
Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam.
I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN.
I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net).
I study the art of leadership with many friends who are religious, business and government leaders from many countries.
In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống).
In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success".
I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.
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