Vietnam's New Circular Provides Detailed Guidelines on Project Development and Model Power Purchase Agreements for Solar Projects
On 12 September 2017, the Ministry of Industry and Trade (MOIT) issued Circular No. 16 for implementation of the Prime Minister's Decision No. 11 on solar power projects in Vietnam. Effective from 16 October 2017, Circular No. 16 includes detailed guidelines on the formulation and approval of national and provincial solar power development plans, technical requirements, and tariff structure, for both grid-connected projects and rooftop projects.
In addition, Circular No. 16 includes a set of three templates of model power purchase agreements (PPA) for grid-connected projects, residential rooftop and commercial/industrial rooftop projects/systems, including specific guidelines on the application of net-metering schemes for rooftop projects.