Solar power investors fear they may not be able to enjoy preferential FIT

27/08/2020    08:58 GMT+7 vietnamnet

Covid-19 and the slow implementation of power transmission projects may make it impossible for solar power projects to connect to the national grid by the end of the year.

Investors of solar power projects are concerned that they may fail to connect to the national grid and this be able to enjoy the preferential FIT (feed in tariff) of 7.09 cent per kwh.

Solar power investors fear they may not be able to enjoy preferential FIT

Under current regulations, the price is only applied to projects which become operational and connect to the national grid no later than December 31, 2020.

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Key Questions When Considering On-Site Solar PV: An Introductory Guide for Commercial & Industrial Facilities in Vietnam

Clean Energy Investment Accelerator Vietnam 

If you decide that on-site PV is of interest to you, based on this checklist, the next step would be to perform a more detailed technical and engineering feasibility assessment. Checklist to Determine if Your Factory Should Explore Solar PV Key questions to ask about your facility are listed below. More detail for each can be found in the sections that follow.

✓ Does your factory own the building or have a long-term lease (20+ years)?

✓ Do you have space available on your roof for solar panels and/or sufficient land for a ground-mounted system?

✓ Is the roof structurally sound and will it be in place for the duration of the economic life of the solar PV system (typically, 20-25 years?)

✓ Are there any trees, walls, buildings or other structures that shade the area where the solar panels would be located?

✓ Does the factory’s operational schedule and electricity consumption align with solar production?

✓ Does your company allow the use of operational budgets to lease equipment? Or does your company’s budget allow for equipment to be purchased with capital budgets?

✓ If your company is interested in a solar lease, would it be able to sign at least a 10-year contract?

✓ Would your solar PV system qualify for incentives, such as net metering and tax breaks? If you answer YES to all these questions, your factory is well positioned to consider solar. If you answered NO to some of these questions, there may still be other options for renewable energy procurement. The following sections provide a deeper look at these considerations and offer a more detailed explanation of the primary and current financing options for on-site solar PV electricity in Vietnam.

 

Full guideline https://static1.squarespace.com/static/5b7e51339772aebd21642486/t/5bec9bdecd83667c6998cc79/1542233057233/Key+Questions+to+Assess+Solar+Investment+Opportunities+in+Vietnam.pdf

Businesses save money by renting solar power systems

Update: May, 25/2019 – 07:39 vietnamnews

A rooftop solar power system at Kizuna 2 Rental Service Factory in Long An Province’s Cần Giuộc District. — Photo nld.com.vn

HCM CITY — Instead of spending tens of billions of đồng to install solar power systems, several enterprises are renting solar power system to save operating costs, reduce electricity bills and promote clean energy development.

The Saigon Union of Trading Co-operatives (Saigon Co.op) is one of the pioneering units piloting the rental of roof solar power systems for its shopping centres and affiliated supermarkets. Tiếp tục đọc “Businesses save money by renting solar power systems”