Vietnam plans to launch a pilot programme for signing of DPPAs

The Vietnamese government plans to launch a pilot programme to facilitate the signing of direct power purchase agreements (DPPAs) between private power buyers and renewable energy producers. This programme will allow businesses in Vietnam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. As per a proposal submitted by the Ministry of Industry and Trade of Vietnam, the size of the DPPA programme is envisaged to be in the range of 400 MW to 1,000 MW. Renewable power generators that participate in the programme will be limited to wind and solar parks of at least 30 MW size, with priority being given to projects in areas with no or limited grid congestion risks. Power consumers participating in the programme will be limited to companies engaged in industrial manufacturing.

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