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The latest updates on renewable energy plants in Vietnam

In order to solve the current energy crisis due to the extreme heat weather in Vietnam, there have been positive movements with the renewable energy plants in 2023.


After the Power Plan VIII is approved, as of June 7, 2023, 66 out of 85 wind and solar power projects with a total capacity of 3,691,861MW have submitted documents to EVNEPTC to negotiate electricity prices and purchase electricity, in which 56 projects with a total capacity of 3,087,661MW have proposed a temporary price equal to 50% of the ceiling price of the price bracket (according to Decision No. 21/QD-BCT dated January 7, 2023 of the Ministry of Industry and Trade).



There are 10 solar power and transitional wind power projects that have submitted documents for recognition of commercial operation date (COD), of which 9 projects and parts of projects with a total capacity of 472.62MW have completed COD procedures, officially commercialised electricity to the grid.


19 transitional projects have been accepted by competent State management agencies for works or parts of works. 27 transitional projects or parts of projects have been granted electricity activity licenses and have been granted electricity activity permits. 25 transitional projects have decided to extend the investment policy. 24 projects have decided to extend the investment policy.


However, there are still 19 transitional renewable energy projects with a total capacity of 1,042.7MW that have not been submitted for negotiation.


As of May 25, 2023, the diesel power output of the Phu My 2.1, Phu My 2.1 expanded and Phu My 4 power plants was 369.25 million kWh with the volume of diesel consumed 74,885 m3. In addition, from 2015 when the plant was put into operation up to now, Vinh Tan 2 thermal power plant has recorded an output of 57,625 billion kWh, and it is to strive to reach 60 billion kWh by August this year.


According to EVN, there are still a number of projects with problems in regulations related to decisions on adjustment of investment policies, acceptance of completed works and put into use, or electricity operation licenses. Furthermore, the processes and procedures related to transitional renewable energy projects have been publicly and transparently issued by EVN and sent to investors. This aims to remove problems related to documents, order and procedures for negotiating electricity prices and power purchase and sale contracts as quickly as possible in accordance with the provisions of law.


Source: the Internet



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