UPC Renewables eyes two million-dollar wind power farms in Vietnam
By Nga Vu
January 23, 2018 | 09:41 AM GMT+7
The People's Committee of Quang Binh province has worked with UPC Renewables Asia I Limited, a subsidiary of UPC Renewables Group (UPC) on the development of two power projects.
UPC Renewables eyes two wind power projects in Quang Binh, Vietnam. Photo: ayala-energyinfra.com
Representatives of UPC said that Quang Binh has favorable conditions for investors to invest in wind power projects thanks to the convenient transportation system, especially seaport for transporting materials and equipment.
The two wind power plants are expected to be completed within 13 months and put into operation by December 2020.
The first farm will cost more than US$88 million to build and be designed with a capacity of 50MW and a power output of 158 million KWh a year.
The second farm will cover an area of 130 ha and has a designed capacity of 250 MW and a power output of 760 million kWh per year. The investment capital spent for this project is estimated at over VND10.2 trillion (US$450 million).
Nguyen Huu Hoai, Chairman of Quang Binh People's Committee said that these are big projects in supplying clean energy, including wind power, contributing to increasing the local budget. Therefore, departments and localities should facilitate investor to implement the project smoothly as planned.
UPC Renewables Group is a leading worldwide renewable developer with over 20 years of global experience pioneering and building world-class wind and solar projects in the United States, Indonesia, India, and the Philippines.
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