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.
