It is ADB’s first financing of a wind power project in Vietnam, comprising a $35 million A loan directly funded by ADB and an $81 million syndicated B loan.
REE expands its footprint in renewable energy, it is looking for long-term US dollar-based financing that is not readily available in the local market.
Nguyen Tam Tien, general director of Trungnam Group, affirms that the company has enough resources to build and operate renewable energy projects.
The total Vietnamese content is projected to be approximately 45 per cent across the full supply chain of the 3.5GW La Gan offshore wind farm project.
The flourishing solar sector and growing pipeline of wind projects show Vietnam can attract investment from high quality developers.
The partner of Thai Group, Green Energy Company from Vietnam, will account for a 51 per cent stake in the project and expects to put the project into operation in June 2019.
By putting the first solar power plant – Phong Dien plant into operation this year, Thanh Thanh Cong Group (TTC) is expressing its determination to become the number one solar power producer in Vietnam.
This is affirmation made by Clive Turton, President of Vestas Asia Pacific (Vestas ASP) on the potential of wind power in Vietnam in addition to his expectation of cooperation in the future in this market.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
Office: 7th Floor, HCMCC Tower, 249A Thuy Khue street, Tay Ho district, Hanoi
Hotline.: 08887 08817