Wednesday, November 27, 2024 8:01:02 AM - Markets closed
VN-INDEX 1,242.13 +7.43/+0.60%
HNX-INDEX 223.70 +1.45/+0.65%
UPCOM-INDEX 92.06 +0.24/+0.26%
New decree caps sales of excess rooftop solar power
vietnamnews - 10/24/2024 10:05:55 AM
 (0 ratings. You must sign in to rate.)

Excess rooftop solar power can be sold to the national grid at no more than 20 per cent of the installed capacity, according to a new Government decree on encouraging self-produced and self-consumed rooftop solar power issued on Tuesday.

A rooftop solar power system in Bình Phước Province. Excess rooftop solar power can be sold to the national grid at no more than 20 per cent of the installed capacity. — VNA/VNS Photo Hong Dat

Excess rooftop solar power can be sold to the national grid at no more than 20 per cent of the installed capacity, according to a new Government decree on encouraging self-produced and self-consumed rooftop solar power issued on Tuesday.
 
The new regulation, Decree No. 135, applies to rooftop solar power installations on houses, offices, industrial parks, clusters, export processing zones, high-tech zones, economic zones and production and business establishments.
 
Excess electricity can be sold to the national grid, but sales are capped at a maximum of 20 per cent of the installed capacity.
 
Power from rooftop solar installations on public assets cannot be sold, however.
 
Vietnam Electricity must pay for the excess power sold to the national grid at a price equal to the average market price previously announced by the electricity operator.
 
Rooftop solar power projects with capacity of 1,000kWh must comply with procedures on electricity planning and apply for operational licences to be able to sell the excess to the national grid.
 
For systems below 100kWh, organisations and individuals are allowed to sell excess power without licences.
 
Meanwhile for systems with a capacity between 100kWh and 1,000kWh, Vietnam Electricity is in charge of implementing technical solutions to control the connection to the national grid to ensure safety.
 
There are about 103,000 rooftop solar power systems across the country, with a total installed capacity of more than 9,500MW.
 
Under the eighth national power development plan (PDP8), the total rooftop solar power capacity is expected to increase by 2,600MW, with at least 50 per cent of office buildings and residential homes expected to use self-produced and self-consumed rooftop solar power by 2030.
 
Previously, the Ministry of Industry and Trade has said that there was hesitation about buying excess rooftop solar power due to its instability and dependence on weather conditions.
 
To connect the excess into the national grid, huge investments in storage, transmission, operation and maintenance are required.
 
Thus, a cap for selling the excess at no more than 20 per cent of the installed capacity is needed.
 
Organisations and individuals are encouraged to install battery energy storage systems to ensure safe and stable operations.
 
For solar power projects that sell electricity to other organisations or individuals, the transaction will be conducted following a direct power purchase agreement. — VNS
 
 
Read original article here
Newer News
26/11 Proposal on establishing railway joint venture considered
26/11 E-commerce is chance and challenge for domestic goods
25/11 Vietnam named among the 30 largest export economies
25/11 Huge potential for VN, UK to boost cooperation in clean energy
25/11 Mega high-speed rail project gathers momentum
25/11 Weather-related risks, low interest rates hinder bank loans to agricultural sector
25/11 More efforts needed to popularise use of crushed sand as an alternative to natural sand
23/11 VN's food processing industry struggles to improve quality and value chain integration
23/11 Car imports increase 37.5 per cent in 10 months
22/11 Vietnam resolved to boost digital economy with national action plan
Older News
24/10 Significant pressure for public investment disbursement in 2025
23/10 IMF projects Vietnam's economic growth to hit 6.1 per cent in 2025
23/10 Vietnamese steel industry under pressure amid protectionism tension and dumping
23/10 Vietnam eyes regenerative tourism through sustainable practices, solutions: GEFE 2024
23/10 VN should focus on deeper integration into the global supply chain network
23/10 Vietnam Digital Industry and Trade Summit 2024 slated for next month
22/10 US initiates an administrative review of anti-dumping duties on Vietnam's OCTG
22/10 Peru’s mega-port to open opportunities for Vietnam's import-export, logistics
22/10 Vietnam’s coffee exports exceed US$5 billion in 2023-2024 crop year
22/10 Decree developed to tighten management on imported products via e-commerce
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,242.13 +7.43/+0.60%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.