Investors Warn New Vietnam Policy Could Put $13 Billion Green Investment at Risk ...Middle East

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Investors Warn New Vietnam Policy Could Put $13 Billion Green Investment at Risk
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Vietnam risk losing $13 billion in renewable energy investment if the government proceeds with plans to retroactively slash feed-in-tariffs for wind and solar projects, a group of investors have warned in a letter seen by Reuters. Vietnam has seen a boom in solar PV and wind power installations in recent years, becoming a leader in Southeast Asia, also thanks to the generous feed-in-tariffs for renewable energy projects. However, the Communist-ruled country now considers to retroactively reduce these tariffs, which would affect even projects that…

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