Ministry approves 2026 solar power generation price framework

Ministry approves 2026 solar power generation price framework

Under the decision, the maximum prices are set for three regions – northern, central and southern Việt Nam – and vary between ground-mounted and floating solar power plants, with separate rates for projects with and without battery energy storage systems.

The Decision No 2946/QĐ-BCT stipulates price framework for solar power generation. — Photo moit.gov.vn

The Ministry of Industry and Trade (MoIT) has issued the Decision No 2946/QĐ-BCT, approving the 2026 price framework for solar power generation, setting maximum prices based on geographical region, plant type and whether energy storage systems are used.

Under the decision, the maximum prices are set for three regions – northern, central and southern Việt Nam – and vary between ground-mounted and floating solar power plants, with separate rates for projects with and without battery energy storage systems.

For solar power plants without energy storage systems, the maximum price in the northern region is VNĐ1,591 per (6.2 US cents) kWh for ground-mounted projects and VNĐ1,939 per kWh for floating solar projects.

In the central region, the respective rates are VNĐ1,293 and VNĐ1,560 per kWh, while in the southern region, they are VNĐ1,104 and VNĐ1,340 per kWh.

For solar power plants combined with battery energy storage systems, the maximum prices are higher.

In the northern region, the maximum prices are VNĐ1,813.48 per kWh for ground-mounted solar and VNĐ2,120.31 per kWh for floating solar.

The corresponding rates in the central region are VNĐ1,469.90 and VNĐ1,703.21 per kWh, while those in the southern region are VNĐ1,254.97 and VNĐ1,461.39 per kWh.

All prices are exclusive of value-added tax (VAT).

Under the approved framework, floating solar projects with battery storage in the northern region have the highest maximum price, at VNĐ2,120.31 per kWh. Ground-mounted solar projects without storage in the southern region have the lowest, at VNĐ1,104.32 per kWh.

The decision also specifies the technical requirements for battery energy storage systems used in calculating the maximum prices. Their capacity must be equivalent to at least 10 per cent of the solar plant's installed capacity, with a storage and discharge duration of two hours.

The ministry has also issued a list of provinces and cities assigned to the three regions for the application of the solar power price framework.

The decision took effect on November 5, 2026. 

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