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This legal update outlines the key provisions of Decree 57, highlights distinctions from the earlier pilot scheme, and provides a comparative overview of DPPA models to assist stakeholders in navigating the updated regulatory landscape. . The new Law on Electricity took effect on 1 February 2025 providing a new legislative framework for development of new energy and renewable energy projects (Electricity Law). power projects and bidding procedures for investor selection, Decree No. Vietnam has revised its renewable energy. . On 3 March 2025, the Government of Vietnam issued Decree No. 57/2025/ND-CP (" Decree No. Decree 57 replaces the pilot mechanism introduced under Decree 80/2024/ND-CP (Decree 80) and introduces clearer regulatory pathways for renewable energy generators (RE GENCOs) and. . Decree 57 sets out regulations on the mechanism for direct electricity purchase and sale between renewable energy power generation units and large electricity users in Vietnam. This would promote electricity purchase and sale through direct power purchase agreements (DPPAs), as well as through. . On April 24, 2025, the Public Service Commission issued an “Order Approving NY-Sun Modifications” in response to NYSERDA projections of an expected budget surplus for the NY-Sun program.
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