270 N. H. NGUYEN ET AL.
units that produce or purchase electricity and the electricity end users
who produce electricity by themselves must acquire a share of electricity
from renewable sources (excluding hydropower sources with capacity
exceeding 30 MW): at least 5% by 2020, 10% by 2030, and 20% by
2050. However, detailed guidelines and policies for RPS have not yet
been developed (Fig. 11.4).
2008
•Decision 18/2008/QD-TTg: Avoided cost tariff for small hydropower projects
•Decree No. 124/2008/ND-CP
Joint circular 58/2008/TTLT-BTC-BTN&MT
2011
•Decision 37/2011/QD-TTg: FiT of 7.8USCent/kWh for wind power
•Decree 75/2011/ND-CP: Support Renewable Energy Sources including loan for investment capital and
export credits for construccon costs
2012
•Circular 96/2012/TT-BTC: Financial mechanism for wind power
•Circular 32/2012/TT-BTC: Project development procedure and Standard Power Purchase Agreement for
wind power
2014
•Decision 24/2014/QD-TTg: FiT for biomas based combined heat and power projects (CHP)
•Decision 31/2014/QD-TTg: FiT for solar waste to energy (10.05 UScent/kWh)
2015
•Circular 44/2015/TT-BCT: Project development procedure and standard PPA for biomas energy
•Circular 32/2015/TT-BCT: Project development and standard PPA for solid waste to energy
•Decision 2068/QD-TTg: Renewable Energy Strategy
2016
•Decision 428/QD-TTg: on introduccon of PDP7r
2017
•Decision 11/2017/QD-TTg: New mechanism supporrng solar PV. FiT at 9.35 UScent/kWh
2018
•Decision No. 39/2018/QD-on
FiT at 8.5UScents/kWh for on-shore and 9.8UScents/kWh for off-shore wind power
Fig. 11.4 Evolution of financing and other measures to promote renewable
energy (Source Compiled by authors)