Vietnam Renewable Energy Market Update: The Official Release of Direct Power Purchase Agreement Mechanism
On 3 July 2024, the long-awaited Decree No. 80/2024/ND-CP (“Decree 80”) was issued by the Government with immediate effect, establishing a mechanism for the direct sale and purchase of electricity between renewable energy generators and large consumers.
What’s new?
• Decree 80 provides for the definitions of key stakeholders participating in the DPPA mechanism.
• The DPPA mechanism will be implemented in two (2) forms: Private Grid DPPA mechanism and National Grid DPPA mechanism.
• The implementation of Decree 80 may offer advantages for stakeholders in the renewable energy market.
