Wind of Change: Vietnam's Price Revisions Spark Investor Concerns

Renewable energy investors are warning that Vietnam's possible retroactive amendments to subsidized rates for solar and wind power risk threatening investments of more than $13 billion. This is happening as Vietnam is trying to revamp its energy industry with new decrees and legislation encouraging renewable energy. The updated Electricity Law seeks to phase out cross-subsidies, while a new decree provides incentives for green energy projects. But regulatory risks and possible price fluctuations can discourage investors, jeopardizing Vietnam's ambitious renewable energy targets.

 

Source: Vietnam Briefing, Vietnam Net