Page 10 - AsiaElec Week 23 2021

AsiaElec RENEWABLES AsiaElec

GE to supply Cypress

turbines to Vietnam

VIETNAM GE Renewable Energy has secured an 88-MW officer Patrice Clausse said: “This is AC Ener-
contract to supply its Cypress turbines for a wind gy’s second wind farm in Vietnam utilising GE
project in Vietnam’s Ninh Thuan province. Renewable Energy’s turbines. As we expand our
BIM Wind contracted GE to supply, install renewable energy initiatives in the region, we
and commission the turbines, and to service the look into partners like GE, with their long-estab-
machines for 15 years. lished focus on new technologies, to underpin
All turbines will be equipped with the two- our 2025 goal. AC Energy aims to accelerate the
piece blade design. The project is expected to energy transition in Vietnam through partners
be commissioned and operational by the end of such as BIM Renewables and GE.
third quarter of 2021. Meanwhile, the Asian Development Bank
BIM Wind is a joint venture between AC (ADB) has arranged $173 million in financing to
Energy, the energy arm of Philippines’ Ayala support the construction and operation of three
Corp, and Vietnam BIM Energy Holding, the wind farms in Vietnam totalling 144 MW.
renewable energy platform of Vietnamese pri- The projects, to be located in Vietnam’s
vate conglomerate BIM Group. Quang Tri Province each with a capacity of 48
BIM Energy CEO Doan Quoc Huy said: MW, are owned by Vietnam’s Power Construc-
“GE’s Cypress technology is the right platform tion Joint Stock Company No 1 and Japanese
for our first wind farm in Vietnam,” adding: “We renewable power producer Renova and will
aim to develop at least 1000MW of clean energy increase Vietnam’s wind power capacity by 30.
by 2025 contributing to Vietnam’s vision for The green loan project financing package
cleaner sources of energy.” arranged and syndicated by ADB includes a
GE Renewable Energy South Asia onshore $116-million ADB loan comprising a $35 mil-
wind regional leader Gilan Sabatier said: ““This lion A loan directly funded by the bank and an
is another addition to what is now becoming a $81 million syndicated B loan.
sizeable project backlog for us in Vietnam, val- The financing is certified by the Climate
idating our position as a technology partner of Bonds Initiative. The project is being realised
choice supporting our customers in capturing under 20-year power purchase agreements) with
the best wind resources and driving energy costs power utility EVN. The wind farms will be pow-
down.” ered by Vestas turbines. ™
AC Energy International chief operating

P10 www. NEWSBASE .com Week 23 09•June•2021