Binh Dinh is among a few southern central coastal provinces boasting great potential for wind power development.
SK Ecoplant is embarking on 700MW solar and wind power generation development projects in Vietnam in partnership with BCGE.
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.
With an estimated capital expenditure of up to $10 billion and a capacity of 3.5 GW, La Gan is one of the first large scale offshore wind projects in Vietnam.
Without clarity on the feed-in-tariff (FiT) scheme from 2022 onward, investors are facing too much uncertainty to commit to new wind projects in Vietnam, jeopardizing the future pipeline and leading to job cuts in the sector.
With a potential capacity of 3.5 GW, the La Gan offshore wind project in Binh Thuan province is one of the first large scale offshore wind projects in Vietnam.
Thailand’s Gulf Energy Development PCL has affirmed its $200 million investment to acquire 100% shares in two wind power plants in Vietnam, namely Ia Pech 1 and Ia Pech 2.
The flourishing solar sector and growing pipeline of wind projects show Vietnam can attract investment from high quality developers.
Singapore-based Enterprize Energy has received the permission from local authority to carry out survey for its 3.4-GW wind farm off the coast of Binh Thuan province.
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.
Ben Tre Provincial People’s Committee has approved the proposal of Nexif Energy, an independent power producer in Asia and Australia, to develop a wind power project with 80MW capacity in Thanh Hai commune, Thạnh Phu district.
