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Friday, July 26, 2024

Renewable energy projects contribute more to national grid

The Saigon Times

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HCMC – Fifteen renewable energy projects connected to the national grid have supplied 3.2 million kWh per day on average, reported by Vietnam Electricity Group (EVN).

As of July 21, the combined capacity of the 15 entire and partial renewable energy projects had reached nearly 735 MW and their average daily output of 3.2 million kWh accounts for 0.4% of the total mobilized electricity.

These projects are among the 85 transitional renewable power projects that missed the feed-in tariffs (FiT) deadlines in late 2020. Consequently, they needed to negotiate electricity prices with EVN, following the pricing framework issued by the Ministry of Industry and Trade earlier this year.

By July, 72 renewable projects with a total capacity of nearly 3,932 MW had written to EVN seeking pricing discussions and power purchase agreements. Of these projects, 83% have proposed tentative prices that are equal to 50% of the price ceiling set by the Ministry of Industry and Trade, according to EVN.

Currently, the Ministry of Industry and Trade has approved tentative prices for 58 of these projects with a combined capacity of over 3,181 MW. However, in order to be eligible for commercial operation and national grid connection, these projects must meet specific conditions related to connection, acceptance, and relevant documentation, such as approval for investment policy extension and working permits.

To date, 13 transitional renewable energy projects have yet to submit their documents to the Electricity Power Trading Company (EPTC) under EVN for negotiations on prices and power purchase agreements.

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