On 26 June 2025, the Ministry of Industry and Trade (MOIT) issued Decision No. 1824/QD-BCT on the electricity price framework for offshore wind power projects in 2025 (Decision 1824), which took immediate effect.
The tariff ceilings for offshore wind power in 2025 has been set at (exclusive of VAT):
(a) Northern region: VND 3,975.1 per kWh;
(b) South Central region: VND 3,078.9 per kWh; and
(c) Southern region: VND 3,868.5 per kWh.
Offshore wind is defined under the 2024 Electricity Law as “turbines built outside the maritime zone of six nautical miles from the shoreline with the lowest mean sea level in multiple years of the mainland towards the sea.”
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
