(EnergyAsia, May 11, Monday) — International law firm Duane Morris Vietnam LLC said it has been selected as legal advisor to help shape Vietnam’s first law on its renewable energy projects in the country.

Oliver Massmann and Giles Cooper will act as legal advisors to Deutsche Gesellschaft für Technische Zusammenarbeit GmbH (GTZ) with regard to a wind energy and renewable energy project supported by the German ministry of environment (BMU) and conducted in cooperation with the Ministry of Industry and Trade in Vietnam (MOIT), in particular with regard to introduction of a new law promoting renewable energy projects.

Duane Morris said: “It is hoped that the project, which is likely to take several months to implement fully, will culminate in implementation of a ‘feed-in tariff’ law that will greatly enhance the viability of renewable energy projects in Vietnam, a country blessed with significant wind, and geothermal resources as well as conditions suitable to biomass projects.

“Duane Morris will advise on the current legal, institutional framework for the energy market in Vietnam, highlighting relevant information with regard to renewable energies and take advantage of its long experience in the domestic energy sector to make and communicate suitable strategies and specific suggestions to Government decision makers.”

While many investors have expressed interest in Vietnam’s renewable energy projects, they have been hampered by the inadequate legal framework, which the government has come to recognise as it attempts to reduce reliance on coal-fired power plants and tap Vietnam’s vast renewable energy potential.