Thai and Spanish investors to enliven renewable energy sector
The list of renewable energy projects registered by foreign investors in Vietnam has been lengthened by projects from Thai and Spanish investors.
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Siemens Gamesa Renewable Energy (SGRE) from Spain continues to reinforce its presence in Vietnam via developing the second phase of its existing 39 megawatt Dam Nai wind farm, located in the south central province of Ninh Thuan. However, the investment capital of the second phase has yet to be published.
According to the plan, the company will furnish the remaining 12 turbines for commissioning by October this year. Siemens Gamesa will also handle the management and maintenance of the facility for the next ten years.
"We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects," highlighted Álvaro Bilbao, CEO of Siemens Gamesa in the Asia-Pacific.
Previously, in April 2017, SGRE, in collaboration with TSV JSC and the Bule Circle Group, started the construction of Dam Nai wind farm–phase 1 with the total investment capital of $15 million. To date, three turbines of phase 1 came into operation with the capacity of 7.8MW.
SGRE expects significant growth in Vietnam in the coming years as the country begins to utilise some of the best wind resources in South East Asia, the target being to install 1GW by 2020.
Gulf Energy Development from Thailand to develop US$66-million solar farm in Tay Ninh
Gulf Energy Development Public Company Limited, the third largest energy producer in Thailand, will establish a joint venture with a domestic firm to develop a solar farm in Tay Ninh province with 51 per cent stake owned by Gulf.
According to the plan, the project will have the total investment capital of $66 million. The construction is expected to be kicked off in June this year and start to generate power in June 2019 with the capacity of 48MW.
With 2,400 hours of sunshine per year, Tay Ninh is considered an ideal destination for solar farm investors.
Numerous foreign investors have already expressed interest in building solar farms in the province. For example, Mien Trung Energy JSC wants to invest over VND1.3 trillion ($57.2 million) in a 50MW solar power plant on 60 hectares around Dau Tieng Lake in Tan Chau district.
Furthermore, Bien Hoa-Thanh Long One-Member Co., Ltd. plans to build a 30MW solar power plant, worth VND736 billion ($32.38 million) on 37ha in Thanh Long commune, Chau Thanh district.
