Under the direction of the Prime Minister, the Ministry of Industry and Trade is studying a bidding plan to select investors to develop renewable energy (RE) projects. This is considered as a competitive, fair and transparent mechanism that helps investors feel secure when pouring capital into renewable energy projects.
Over the past time, Vietnam has made strong strides in the number and scale of RE projects. By the end of September 2020, the total installed capacity of wind power reached 485 MW, solar power reached 5,829 MW, biomass power reached 169 MW, accounting for about 11.2% of the total installed capacity nationwide. As for rooftop solar power, as of October 14, 2020, over 57,000 systems have been installed with a total capacity of 1,747 MWp ..
Vietnam has made great strides in terms of the number and scale of renewable energy projects
Mr. Do Duc Quan - Deputy Director of Department of Electricity and Renewable Energy (Ministry of Industry and Trade) - said: According to the experience of developed countries in the field of RE, to develop strong and sustainable RE, it is necessary to focus on policy. , transmission infrastructure and power system operation. In which, in terms of policy, for large-scale renewable energy projects, the bidding mechanism will be changed.
The selected investor will be the investor offering the lowest selling price for solar-ground and floating solar power projects. "Implementing this mechanism, although it takes time, will be fairer and more transparent for investors, ensuring the harmony and balance between the development of RE power projects and transmission grids" - Mr. Do Duc Quan said.
In more specific analysis, Mr. Nguyen Van Vy - Vice Chairman of Vietnam Energy Association - shared: The World Bank (WB), Asian Development Bank (ADB) are supporting the Ministry of Industry and Trade to research processing bidding for solar power projects. The World Bank proposed two new plans to implement solar power projects: "Competitive bidding by transformer stations" and "competitive bidding for solar power parks".
The principle of substation bidding is to bid for a fixed amount of capacity, according to a preset schedule and in a defined area. Competitive bidding according to the solar park deployed in a way that will carry out the work of site clearance, construction of entire infrastructure (roads, power transmission lines ...). Investors will bid for the right to build power plants on the cleared land and the already constructed infrastructure.
“The Ministry of Industry and Trade is studying these proposals, considering the compliance with the current regulations of Vietnam, whether it is necessary to adjust or issue additional legal regulations, the possibility of practical application in Vietnam. ... to report to the Prime Minister for decision ”- Mr. Nguyen Van Vy said.
TS. Nguyen Manh Hien - Chairman of the Science Council - Vietnam Clean Energy Association - affirmed: The results achieved from many countries around the world have proved that bidding has many outstanding advantages such as declaration, transparency ... contributes significantly to ensuring the high success of investment projects. "With this mechanism, investors will feel secure to invest in the development of RE projects in Vietnam" - Mr. Hien said.
In order for the bidding mechanism to be implemented effectively, Mr. Nguyen Van Vy proposed: On the basis of re-accuracy of the progress of major power source projects under construction, it is necessary to balance capacity - electric power, determine volume Solar and wind power projects need to be built in the period of 2021 - 2025 to prepare a bidding plan for the development of RE projects in this period. The balance is carried out by regions to determine the annual capacity of each region. In addition, in order to avoid overloading the transmission grid, solar power projects should not be too large in one or several locations.
“On the basis of the annual solar power generation capacity, the bidding is organized to select projects. The selection is made on the basis of the asking price of investors, low-priced projects are ranked first, until sufficient power capacity needs to be put into operation in that year by regions, regions and nationwide ”- Mr. Nguyen Van Vy said, at the same time, expressing that, according to the recommendations of consultants, in order to have the bidding result, the electricity price is low, the State needs to share the risks for investors. clean infrastructure, power purchase and sale contracts with Government guarantees on consumption, foreign currency conversion ...
According to the plan, in November 2020, the Ministry of Industry and Trade will submit to the Government the National Energy Master Plan for the period 2021 - 2030, with a vision to 2050, in which a proposal to develop a RE bidding mechanism, especially Particularly, set out specific competitive bidding criteria for each type of RE technology.
Quynh Nga