The New FiT for solar power will be available for projects coming online between May 22 and the end of the year The new FiT comes nine months after the previous one outlined in Decree No.11/2017/QD-TTg expired on June 30, 2019. On April 6, the prime minister signed Decree No.13/2020/QD-TTg about the new selling price for solar power. Accordingly, the price for floating solar power is 7.79 US cents per kWh and normal solar power is 7.09 US cents per kWh. In addition, the rate for rooftop solar power is 8.39 US cents per kWh. The decree will come into effect on May 22 and expire on December 31. The new FiT rates for solar energy producers According to Decree 13, this FiT will be applied to finished solar farms the investment planning of which was approved before November 23, 2019 with commercial operation date of either the entire project or part of it started between July 1 and December 31, 2020. In the case of Ninh Thuan province, finished solar farms which are named in the power development planning and started commercial operations before January 1, 2021 with the total combined capacity of 2,000MW will enjoy the 9.35 US cents per kWh rate… Read full this story
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