Successful bid price of PV energy storage project in Vietnam 2025

Explore the new solar tariff framework set by MOIT to enhance pricing transparency for solar power plants in 2025.
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6 FAQs about [Successful bid price of PV energy storage project in Vietnam 2025]

Does Vietnam have new feed-in tariffs for solar power?

April 2025 | Southeast Asia Impact Alliance Vietnam is taking another step toward modernizing its renewable energy sector by unveiling updated feed-in tariffs (FiTs) for solar power, with a notable emphasis on encouraging battery energy storage systems (BESS).

How much does a solar project cost in Vietnam?

Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low. In January 2023, the top rate was NT$1.49/kWh for ground-mounted solar and NT$1.89/kWh for floating solar, with no regional or storage-based distinctions.

How has the FIT program impacted solar power development in Vietnam?

The FiT program has been a major driver of solar power development in Vietnam, offering a tariff of 9.35 cents per kilowatt-hour (kWh) for projects completed by June 2019. This program led to a surge in solar capacity, reaching 4.46 gigawatts of new installations.

How will Vietnam's new energy storage scheme help investors?

Supa Waisayarat, Vietnam’s adversary consultant at Thailand’s Super Energy Corporation, noted that the new scheme supports the adoption of storage and provides developers and investors with more transparent pricing, which could encourage more power purchase agreements (PPAs) and improve financing confidence.

What are the requirements for a battery project in Vietnam?

The Vietnamese authorities also decided that battery projects under the FiT scheme must have at least 10% of a PV plant's capacity and offer at least 2 hours of storage. According to the latest statistics from the International Renewable Energy Agency (IRENA), Vietnam had approximately 18.66 GW of installed PV capacity at the end of 2024.

Why does northern Vietnam have higher feed-in tariffs?

While Northern Vietnam benefits from higher feed-in tariffs (FiTs) due to lower solar radiation, the overall system still operates on capped tariffs rather than market-based auctions. This may limit the agility of Vietnam’s energy market in responding to investor needs and evolving technology costs.

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