- New proposed Feed-in-Tariff (FIT) extension by Vietnamese government would reduce tariffs for onshore and intertidal wind power by 17.4 per cent and 13.6 per cent respectively, one of the most dramatic reductions seen for wind power globally.
- According to the Global Wind Energy Council (GWEC), this FIT reduction threatens to deter investment and derail the long-term growth of wind power in Vietnam.
- GWEC welcomes a FIT extension to compensate for permitting and COVID-19-related delays, which collectively will cause Vietnam to miss its 800 MW of wind power capacity target by 41 per cent.
- GWEC, representing the global wind industry, recommends a minimum 6-month extension to the current FIT, followed by milder reductions to the FIT from May 2022 onwards.
3 December 2020, Singapore – The Global Wind Energy Council (GWEC) welcomes the recent decision by the Vietnamese government to approve an extension of the Feed-in Tariff (FIT) scheme for wind power in the country. However, the proposed dramatic reduction to the FIT risks seriously damaging the growth of Vietnam’s promising wind power sector, slowing down investment and the creation of new jobs and making it harder for Vietnam to meet growing energy demand. Tiếp tục đọc “Proposed Feed-in-Tariff reduction could “seriously damage” growth of wind power in Vietnam”