Electricity of Vietnam warns about low number of commercial wind power projects
The number of wind power projects recognized for Commercial Operation Date (COD) is still small, which is a warning sign for wind power investors in Vietnam.
According to the updated information of the Electricity of Vietnam (EVN) Group, from October 1 to October 15, five more wind power plants with a total capacity of 170MW were recognized for commercial operation (COD).
Of 106 wind power plants with a total capacity of more than 5,655 MW registered for COD testing, as of October 15, only 11 wind power plants with a total capacity of 443 MW had been recognized for commercial operation.
This is a very small number compared to the number of registered projects, while there are only 15 days left for wind power projects to enjoy the preferential price. Projects operating after October 31, 2021 will not have the opportunity to enjoy the price of over VND1,900/kWh for 20 years according to Decision 39.
With the current pace, many wind power projects will not be able to enjoy the price.
A representative of the Electricity and Renewable Energy Bureau told VietNamNet that the Ministry of Industry and Trade is coordinating with ministries and agencies to research and develop regulations on the development of renewable energy power projects, including bidding, selection of investors, and the price framework for solar power projects to submit to competent authorities for approval.
In the Draft Power Development Planning 8, one of the power source scenarios with the highest scores is the development of power sources associated with renewable energy under Resolution 55 of the Politburo.