Certain policies are needed for Vietnam’s golden era of solar power development to live on. The Viet Nam Economic Times recently had a story featuring perspectives of experts in the field on the matter. Mr. Nguyen Anh Dung – GIZ’s project officer also shared his thoughts on an auction mechanism to stabilize the market.
Some highlights of his sharing include:
- There are positive signs of Viet Nam’s renewable energy development after proper and timely support from the government. Although the new FiT is lower than the previous one, the rise in development is still quite stable after the take-off phase.
- An auction mechanism is inevitable. Starting from FiT mechanisms to foster the market at an early stage and gradually turning to bidding is what countries with successful energy transition often do with the aim of reducing power generation costs.
- One key factor is that the policy transition roadmap be properly designed, to minimize disruptions in or shocks to the market. Pilot phases would therefore be necessary for finding out gaps and completing the official mechanism.
Read the full article here.
*Mr. D?ng is the project officer of the Renewable Energy and Energy Efficiency (4E) Project/ EU – Viet Nam Energy Facility (EVEF). The project is jointly implemented by GIZ and the Electricity and Renewable Energy Authority, the Department of Energy Efficiency and Sustainable Development (under Ministry of Industry and Trade) and is co-funded by the German Federal Ministry of Economic Cooperation and Development (BMZ) and the European Union (EU).
