Meanwhile, the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT) issued a written document saying that the unit has been cooperating with consulting companies to study the model, the scale, and the purchasing price of electricity for each type of solar power. It is expected that in the first quarter of this year, the unit will report to the MoIT for consideration and submit to the Prime Minister policies for the next period.
Despite depending on the scale, investment in solar power is costly. Although the termination for the receipt and purchase of solar power had been notified by the State management agency in Decision No.13/2020, the review is necessary and should be carried out promptly to put investors at ease.
The policy being disrupted for a long time only creates opportunities for opportunistic investors. Moreover, the Politburo, as well as the Government, has had the policy to encourage the development of renewable and clean energy. When the policy comes into reality, it must be carried out thoroughly and continuously to attract actual investors.