A mecchanism in support of renewable energy development
A new Decree specifies the nature of direct power purchase agreements in support of Vietnam’s renewable energy development. Decree No. 80/2024/ND-CP was issued by the government on July 3, 2024, outlining regulations for direct power purchase agreements (DPPAs) between renewable energy producers and large electricity consumers. The Decree is deemed compatible with Vietnam’s policies and strategies aimed at attracting both domestic and foreign investment, particularly from enterprises utilizing advanced and environmentally-friendly technologies.
Moreover, the DPPA mechanism will create opportunities for substantial investment in renewable energy sources and facilitate the early acquisition of renewable energy certificates and carbon emission reduction certificates by enterprises, enhancing the competitiveness of their products for international markets.
Huyen Vy
