vietnamnet08/07/2020 18:00 GMT+7
The total capacity of solar power projects registered by investors has become nearly 10 times higher than the targeted level.
The solar power market began exploding in November 2017, when the Prime Minister signed Decision 11, setting the highest ever FIT (feed in tariff) of 9.35 cent per kwh, or VND2,086 for solar power. The electricity purchase price is applied for 20 years to power projects that became operational prior to June 31, 2019.
The decision triggered a wave of hundreds of businesses pouring hundreds of trillions of dong into solar power projects.