Wind, biomass, micro-hydropower, geothermal, wave, and tidal energy plants are also included in the government’s decree on direct power purchase agreement (DPPA) for renewable energy issued Wednesday.

Waste-to-energy plants are excluded since they are not officially categorized as a renewable source, the Ministry of Industry and Trade said.

There are no capacity limits on the direct sales, but producers must have a license to supply electricity or express waiver from this requirement, according to the decree.

They also have the option to sell to the national grid, either through the spot electricity market or EVN.

Solar and wind energy generators must have a capacity of at least 10MW to sign a supply deal.

Buyers and sellers can negotiate their own terms and prices for the direct sales, and excess production can be sold to EVN at pre-determined prices.

Buyers too can purchase electricity from EVN. They can also buy from non-EVN energy retailers.

In all cases, buyers must be entities that use power for production and have a minimum monthly consumption of 200,000 kWh. A typical household uses a few hundred kilowatt-hours a month.

An EVN survey found around 7,700 of its customers consume 200,000 kWh or more per month, accounting for 36.5% of total electricity consumption.

In the country there are over 103,000 rooftop solar units with a total capacity of over 9,500 MW.

It is expected to grow to around 12,000 MW by 2030.

Vietnam, Japan promote financial mechanisms in green energy transition projects

Deputy Prime Minister Tran Hong Ha on March 29 emphasised the important role of banks and financial mechanisms in green energy transition projects when he received Managing Director of the Japan Bank of International Cooperation (JBIC) Tanimoto Masayuki in Hanoi.

Vietnam, Singapore deepen economic, energy cooperation

Vietnamese Minister of Industry and Trade Nguyen Hong Dien held talks with Singaporean Second Minister for Trade and Industry Tan See Leng in Hanoi on March 20, during which they discussed ways to strengthen economic and trade ties between the two nations.

Ministry of Industry and Trade deploys Hydrogen Energy Strategy

The Ministry of Industry and Trade (MoIT) held a conference in Hanoi on February 22 to deploy Vietnam's hydrogen energy development strategy to 2030 with a vision until 2050.

Hi-tech waste-to-energy plant opens in Bac Ninh

A hi-tech waste-to-energy plant was inaugurated in Ngu Thai commune, Thuan Thanh township in the northern province of Bac Ninh on January 11.

Vietnamese, Canadian firms step up clean energy development partnership

The Canada-Vietnam Clean Energy Partnership forum took place in Ho Chi Minh City on August 21, aiming to connect the sides’ private sectors and, through such links, enable Canadian contributions to the Just Energy Transition Partnership (JETP), helping Vietnam achieve its net-zero emissions goal by 2050.

Project aims to promote efficient use of energy in supporting industries

The Vietnam Chamber of Commerce and Industry (VCCI) on August 18 launched a project to promote the economical and efficient use of energy in supporting and food processing industries in Vietnam.

Source: VnExpress