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29.05.25 - 04:24
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$13 Billion In Renewable Projects At Risk In Vietnam Due To Subsidy Cuts (ZeroHedge)
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$13 Billion In Renewable Projects At Risk In Vietnam Due To Subsidy Cuts
Over 40 investors in Vietnam's solar and wind energy sector are warning they may default unless the government honors its original pricing commitments, according to Nikkei Asia.
Vietnam had initially offered feed-in tariffs ranging from 7.09 to 9.35 U.S. cents per kWh for solar energy, valid for 20 years, to attract investment and support the country's shift to renewable energy. However, the government now wants to pay in local currency at a rate equal to 4.7 U.S. cents per kWh—a cut of 34% to 50%, depending on the exchange rate.
Most affected projects are solar farms, and many investors have reported delayed or reduced payments from the state utility Electricity Vietnam (EVN). These delays stem from a government review claiming that key documentation—the construction completion acceptance (CCA)—was missing, despite not being required at the time.
Investors argue that most projects have since secured the documen...
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30.11.24 - 09:19
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Vietnam approves data, electricity laws, $67 bln rail plan (Reuters EN)
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Vietnam approves data, electricity laws, $67 bln rail plan HANOI, Nov 30 (Reuters) - Vietnam's parliament approved laws on data protection and electricity, as well as a resolution supporting a $67 billion high-speed rail project on Saturday, the last day of its twice-yearly regular session. The railway, Vietnam's most ambitious infrastructure project, is to run from the capital Hanoi to the southern business hub of Ho Chi Minh City....
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