The proposed pricing caps vary by region, reflecting preliminary calculations as detailed feasibility studies are yet to be completed. For the northern region, including Quang Ninh, Hai Phong, and Thai Binh, the cap is set at $0.15 per kilowatt-hour (VND 3,975.1 per kWh). The south-central coastal region has a proposed cap of $0.12 per kWh (VND 3,078.9 per kWh), while the southern region is set at $0.15 per kWh (VND 3,868.5 per kWh). EVN noted: “Preliminary calculations have been categorised by region.”
If the EVN Board of Members approves the framework, it will be forwarded to the Ministry of Industry and Trade for formal review and implementation. In addition to offshore wind, EVN has proposed price caps for other wind energy types: onshore wind power at $0.06 per kWh (VND 1,643.89 per kWh) and nearshore wind power at $0.07 per kWh (VND 1,913.67 per kWh). These pricing structures aim to encourage investment and development in Vietnam’s wind energy sector.
The pricing framework aligns with Vietnam’s revised Power Development Plan VIII, which targets 6,000 megawatts of offshore wind power capacity by 2030. This plan reflects the country’s commitment to expanding renewable energy sources to meet growing electricity demands sustainably. The proposed caps are designed to provide clarity for investors and developers, fostering the growth of offshore wind projects across Vietnam’s coastal regions.
By establishing region-specific pricing, EVN seeks to balance cost considerations with the need to attract investment in renewable energy infrastructure. The collaboration with the Institute of Energy and the use of the Vietnam–Denmark Technology Handbook ensure the framework is grounded in technical and economic assessments, paving the way for efficient and sustainable energy development in Vietnam.
