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.
Đọt Chuối Non 