Page 13 - AsiaElec Week 06 2021

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which they believe was foreseeable. (PV) panels and 370 DC/AC inverters. plant Linden CoGen.
A group of lawyers on the plaintiff side Sunseap expects the plants to yield around The 972MW natural gas-fired cogeneration
criticised the ruling as unjust, saying that the 40.4mn kilowatt-hours of clean energy per facility is located in Linden, New Jersey, and
recognised damage is too small. year. This is equivalent to delivering clean is majority-owned by Linden Topco. The deal
Tepco said it will examine the ruling and energy to around 13,000 households in involves EGCO taking a 28% stake in Linden
consider its response. Vietnam and reducing carbon dioxide by Topco.
more than 20,500 tonnes annually. The facility sells energy, capacity and
The plants were installed in a span of ancillary services into the New York System
three months amid the Covid-19 pandemic, Operator (NY-ISO Zone J) and the PJM PS
WIND Sunseap said in a press statement on North power market in New Jersey, which are
Wednesday. The firm built the PV systems two of the most capacity-constrained power
15 offshore wind farms on top of factory and warehouse buildings markets in the United States. It also has long-
across southern Vietnam in various provinces,
term steam and electricity sales contracts with
opened in 2020 including Ba Ria-Vung Tau, Dong Nai, Binh large industrial offtakers.
Phoc and Binh Duong.
“This acquisition marks the first
In 2020, 15 new offshore wind farms Sunseap signed the power purchase investment by EGCO in the US, a large
generated their first electricity and there are agreements under Vietnam Electricity’s market with over 1,100GW of installed
now 162 offshore wind farms up and running Feed-In-Tariff 2 programme to promote capacity and vast opportunities in renewable
worldwide. Soon, 26 more that are under investments in renewable energy sources. and supporting gas-fired power facilities,” says
construction will join the global fleet. This is achieved by guaranteeing producers an EGCO Group president Thepparat Theppitak.
This is according to the Global Offshore above-market rate for selling into the grid. “The investment will allow EGCO to enter the
Wind Report 2020 from World Forum Sunseap co-founder and chief executive US market, and position it for new investment
Offshore Wind (WFO), which reports that Frank Phuan said Vietnam has become opportunities in the US.”
5,206 MW of offshore wind capacity went into an attractive market in the region due to In a notification to the Stock Exchange of
operation during 2020, compared to 5,194 favourable climate conditions for harnessing Thailand, EGCO Group says EGCO Linden
MW in 2019. solar energy, stable and supportive II, LLC, a wholly owned subsidiary of EGCO,
“This translates into an annual growth government policies for solar implementation, entered into a purchase and sale agreement
rate of 19,1% for the global offshore wind as well as a strong network of well-established with AEIF Linden SPV, LLC and Highstar
industry, which is particularly impressive developers, off-takers, contractors Capital GP IV on January 29. The transaction
given the international disruptions caused by is expected to close in the second quarter of
COVID-19”, WFO states. this year following successful completion of all
The 15 new offshore wind farms that closing conditions.
started producing electricity in 2020 are in GAS-FIRED GENERATION EGCO is a subsidiary of state-owned
the U.S., China, the UK, Germany, Portugal, Electricity Generating Authority of
Belgium, and the Netherlands. Seven are Thailand’s EGCO Group Thailand (EGAT). It has an ambitious
located in China, two in Belgium and two in expansion programme both in Thailand and
the Netherlands. Among the 15 projects, there gains foothold in US power internationally, involving both fossil fuels and
was also a floating wind farm commissioned renewables.
last year: the 25 MW WindFloat Atlantic in market EGCO holds a 25% stake in Yunlin
Portugal. Holding GmbH, which is developing the
Bangkok-based Electricity Generating Public 640MW Yunlin offshore wind farm project
Company Limited (EGCO Group) has made in Taiwan, expected to come online towards
its first investment in the US market, with the the end of the year. It also has a stake in the
GRID acquisition of a stake in New Jersey power 644MW Nam Theun 1 hydroelectric power

Sunseap signs 20-year
agreements to supply

energy to Vietnam’s

national grid

SOLAR energy solutions provider Sunseap
Group has signed 20-year power purchase
agreements with state-owned utility Vietnam
Electricity to supply clean energy to the
country’s national grid.
The Singapore-based firm will generate
solar energy from seven newly-commissioned
solar plants in Vietnam. The plants have a
total capacity of 23.2 Mega Watt peak (MWp)
and comprise close to 60,000 photo-voltaic

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