Vietnam targets floating solar projects with pilot renewable tender

Published onJanuary 9, 2020

Vietnam’s plans to move from renewable feed-in tariffs (FiTs) to competitive auctions have now crystallised into a pilot tender, set to contract two major floating solar projects. The Asian Development Bank (ADB) will back plans by the Southeast Asian state to hold this year and next tenders for up to 400MW of floating solar. Documents show the ADB is looking for six experts to support the auction, which will see IPPs bid for a 50-100MW first floating PV batch in 2020 and a 300MW second stretch in 2021. From a floating solar specialist to environmental, social and financial experts, the six consultants that the ADB ends up choosing will carry out feasibility studies for the plant duo.