Vietnam working on corporate PPA platform with 1-GW target

Published onFebruary 13, 2020

Vietnam is preparing to launch a pilot programme that will facilitate the signing of synthetic power purchase agreements (PPAs) between private power buyers and renewable energy producers, targeting contracts for up to 1 GW in 2020-2022. The size of the direct PPA programme, to be available nationwide, is envisaged in the range of 400 MW to 1,000 MW, under a proposal submitted by the Ministry of Industry and Trade of Vietnam (MOIT). The plan is subject to public comments and approval by the Prime Minister. The renewable power generators that can participate will be limited to wind and solar parks of at least 30 MW in size, with priority being given to projects in areas with no or limited grid congestion risks, law firm Baker McKenzie explains in a summary of the MOIT proposal.