Renewables lag behind the potentialThe low feed-in tariff for wind power is causing a collective delay in wind power projects all across the country, as investors are waiting for prices to increase so their plants can become profitable. Some are now turning to developing solar power projects instead, but it remains unclear whether the country will be able to fulfil its potential. According to the MoIT, with the existing wind power FiT, these plants have difficulties recovering their investment capital. Vietnam’s wind market has yet to take off after the government first released incentives for wind power projects in 2011. Unlike wind power, solar power has become hotter than ever in Vietnam.
