JavaScript is off. Please enable to view full site.

Ho Chi Minh City to allow households to sell solar power to grid

Saturday, April 27, 2019, 10:06 GMT+7
Ho Chi Minh City to allow households to sell solar power to grid
A Ho Chi Minh City resident cleans solar panels installed on the roof of his house. Photo: Tuyet Kieu / Tuoi Tre

From May, households in Ho Chi Minh City will be able to sell to the grid any excess electricity generated by solar panels installed on their roofs.

The Ho Chi Minh City Power Corporation (EVN HCMC) on Thursday signed its first solar power purchase agreements with residents in District 1 and District 3.

Accordingly, excess power generated by these households’ solar panels will be sold to the grid for VND2,143 (9.35 U.S. cents) per kilowatt-hour (kWh).

Over 1,400 solar roof systems in Ho Chi Minh City are already connected to the grid with a total installed generation capacity of 17.46 megawatt-peak (MWp), according to Nguyen Ngoc Tuong Vi, acting head of sales at EVN HCMC.

In reality, these households can add over four million kWh in capacity to the grid, Vi said.

“This will help increase clean energy output on the national grid,” she added.

EVN HCMC expects to finish signing power purchase contracts with all households with solar panels on their roofs in the southern metropolis by the end of May 2019.

These contracts will be valid for 20 years, with money from sale of generated electricity being transferred directly to customers’ bank accounts on a monthly basis.

Revenue from selling solar power will be taxed, but only at a mere rate of two percent, if it exceeds VND100 million (US$4,300) a year.

For enterprises, a ten-percent tax is applicable and deduced directly from their income from selling solar power to the grid.

Vietnam is targeting 50MWp in installed solar power capacity by the end of 2019, Vi said.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news