AC Energy, BIM Group initiate US$155 million local wind farm project in Vietnam
The US Cable News Network (CNN) and business magazine Forbes have published a recent article on the official commercial operation of a US$155 million wind farm project in the nation which is a joint venture between AC Energy of the Philippines and Hanoi-based BIM Group.
Located in the south-central province of Ninh Thuan, the 88MW-solar and wind farm project has served to turn the country into the AC Energy’s second largest market, behind only the Philippines.
AC Energy said the project, which is being completed in partnership with BIM Group, has served to boost the group's renewable capacity in the country to 1,000 megawatts (MW) and is composed of facilities which are already operational or under construction.
Once the wind farm starts to operate at full throttle, AC Energy said it will be capable of producing 327 gigawatt-hours annually, "enough to power around 50,000 homes per year with renewable energy."
"We are very excited to bring this new project into commercial operations ahead of the FeedIn Tariff deadline, notwithstanding the many challenges brought about by the COVID-19 pandemic," Patrice Clausse, chief operating officer of AC Energy International, was quoted as saying during a disclosure to the local bourse on Monday.
"As we continue to carve a niche for ourselves by developing some of the most notable renewable energy plants in Vietnam to date, we will continue to accelerate our investments in renewables in the country and aid in its goal to increase the share of renewables in their energy mix," she added.
Furthermore, leading Philippine newspaper Manila Bulletin quoted Doan Quoc Huy, vice chairman of the Board of Directors and General Director of BIM Group, as saying that the wind farm project in Ninh Thuan has affirmed the group’s experience, determination, and management capacity in implementing its projects, he noted
Following the 405MW solar power plant cluster project in Ninh Thuan, the latest co-operation between BIM Group and AC Enegy in Ninh Thuan province has made the region into the largest salt and renewable energy economic zone in the country. As a result, it has contributed to ensuring sustainable economic development, environmental protection, and building a clean energy source for the future.