Vietnam pv energy storage subsidy

In Vietnam, energy storage systems are receiving attention through various incentives.The government has established incentives for large-scale offshore wind and solar projects, which include energy storage systems1.Additionally, recent updates to feed-in tariffs for solar power now incorporate energy storage systems, highlighting their importance in stabilizing the grid and enhancing energy autonomy2.These measures indicate a growing recognition of the role of energy storage in Vietnam's energy transition. The decree focuses on large-scale offshore wind and solar projects, as well as energy storage systems. It establishes incentives for projects utilising 100% green hydrogen and green ammonia for power generation. Maritime projects are set receive a three-year exemption from maritime area use fees. (Photo: iStock) Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems. The updated scheme highlights the growing importance of storage in.