Vietnam introduces auction scheme for large-scale PV

With the publication of Notification No. 402/TB-VPCP on Nov. 22, the Vietnamese government has cemented its transition from feed-in tariffs to auctions, in a clear step away from earlier promises to revive the FIT scheme.The Vietnamese government has announced plans to switch from subsidizing PV deployment through feed-in tariffs in favor of a new auction mechanism. With Notification No. 402/TB-VPCP, Vietnam's Ministry of Industry and Trade (MOIT) has decided to support large-scale solar deployment via procurement exercises from next year, marking a clear shift away from earlier promises to reboot ...

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