The Investor has a write-up of the Global Offshore Wind Report 2023 in which it highlights that a lack of timely supporting policy can be off putting to investors.
Specifically, Vietnam introduced a policy a few years ago that would see wind farms completed by the end of 2020 paid very attractive prices for their power. It did not, however, have provisions for a pricing mechanism for wind power projects that failed to meet the deadline which a number of projects failed to do. Prices were finally finalised at the start of this year, two years after the deadline was missed, but for the years in between a number of projects were left to sit idle, with some never even finished.
