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Friday, June 21, 2024

HCMC proposes mechanism for buying rooftop solar power

The Saigon Times

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HCMC – HCMC authorities have written to the prime minister proposing a mechanism to purchase electricity generated by rooftop solar power systems in a bid to promote more investment in this source of renewable energy.

The proposal aligns with special mechanisms provided in the National Assembly’s Resolution 98 for the city, Vice Chairman of the HCMC People’s Committee Vo Van Hoan said at a recent meeting.

The Department of Industry and Trade has been tasked with developing a plan and presenting it to relevant authorities by the end of next month.

Since the expiration of Decision 13 in late 2020, which aimed to promote solar power development, there has been no mechanism established for rooftop solar power projects. This has prevented many such projects from connecting to the national grid.

At an energy policy seminar earlier this year, business representatives expressed concerns about the waste of solar power if the Government did not introduce a mechanism for rooftop solar power projects.

According to EVNHCMC, as of the end of 2022, there had been more than 14,150 rooftop solar power systems set up with a combined capacity of 355 MWp, accounting for 7% of the total power capacity.

Since the beginning of 2021, the signing of rooftop solar power purchase agreements has been put on hold due to the absence of a new mechanism for buying this eco-friendly energy.

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