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Vietnam: 20 transitional renewable energy projects have generated electricity

By the 18th August 2023, in Vietnam, 20 transitional renewable energy projects have completed the COD procedures, generating commercial electricity on the national grid.

According to Electricity of Vietnam (EVN), by the end of August 18, there were 20 transitional renewable energy projects that had completed COD procedures, generating commercial power on the grid. The total capacity of 20 transitional renewable energy plants/parts is 1,171.72 MW. Compared to the week before, there were 2 more projects/parts of projects that completed COD procedures, including 38/40 turbines of Lac Hoa 2 Wind Power Plant (capacity 123.6 MW) and the remaining 24 turbines of the Hung Hai Gia Lai Wind Power Plant (96 MW).

renewable energy vietnam
photo: EVN

By the end of August 18, 79/85 projects with a total capacity of 4,449.86 MW had submitted documents to the Power Trading Company to negotiate electricity prices and power purchase agreements, in which, 67 projects (total capacity of 3,849.41MW) proposed a temporary price equal to 50% of the ceiling price of the price bracket. EVN and the investor have completed price negotiations and signed off on PPA contracts with 61/67 projects. The Ministry of Industry and Trade has approved temporary prices for 58 projects with a total capacity of 3,181.41MW.

The cumulative power generation output of transitional renewable energy projects from the time of COD to August 17th is more than 310 million kWh, of which the average daily electricity output accounts for about 0.4% of the total mobilised power source. 23 projects have been accepted by competent state management agencies for works/parts of works. 29 projects have been granted electricity operation licenses for the whole plant/part of the plant. 39 projects have had decisions to extend investment policies. Currently, there are 6 projects with a total capacity of 284.70 MW that have not been submitted for negotiation.

In the last few months, there have been significant movements in the field of renewable energy generation in Vietnam.

Source: the Internet



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