Home / New & Media / Industry News / Mainstream, AIT to co-develop 500-MW wind project off Vietnam
05/11/2020
Mainstream, AIT to co-develop 500-MW wind project off Vietnam

Ireland’s Mainstream Renewable Power will partner with Advance Information Technologies Corporation (AIT) from Vietnam to jointly develop a 500-MW wind farm project in Vietnamese waters.

Offshore wind farm. Author: Beverley Goodwin. License: Creative Commons, Attribution 2.0 Generic

The Irish wind and solar developer said on Wednesday it has struck a joint development agreement with engineering, procurement and construction (EPC) specialist AIT for the project off Vietnam’s Ben Tre province. Mainstream and its partner expect that financial close on the project will be achieved by 2023/24, enabling construction to begin, with commercial operations targeted by 2025/2026.

The offshore wind project, dubbed Ben Tre, already has in place a site survey licence and a feasibility study has been completed. Based on the results, a power development plan (PDP) has been filed with Vietnam’s Ministry of Industry and Trade.

Commenting on the partnership, Ram Natarajan, Mainstream’s CEO for Asia Pacific, pointed out that Vietnam offers “great” potential for offshore wind development. “The JV has the potential to expand and will also look to develop further wind and solar projects in Vietnam in the near future,” he added.

Dublin-based Mainstream is working on a 1.4-GW offshore wind project in Vietnam, together with local partner Phu Cuong Group (PCG). The capacity will be installed in phases off Soc Trang province.

Source: renewablesnow.com

You may be interested in...

Quang Tri: Wind power projects worth over 250 million USD given go-ahead

22/02/2021
The administration of central Quang Tri province has approved in principle three...
Learn more

EVN will provide maximum support for rooftop solar investors

16/06/2020
At the meeting on June 11, 2020 with the Power Corporations, Mr....
Learn more

Foreign investment expansion up 41.4 per cent in January

24/02/2021
Total investment to expand capital at existing projects in January rose by...
Learn more

ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power plant

16/10/2020
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company...
Learn more
×

FanPage

Electric & Power Vietnam
×
GWEC AND INFORMA JOIN FORCES TO CREATE WORLD LEADING WIND ENERGY EVENTS
The Global Wind Energy Council (“GWEC”), the trade organisation representing the global wind industry, and Informa Markets, the world’s leading global events and digital business, have announced a strategic long-term partnership that will create a series of world leading wind power and energy transition events from 2021 onwards.
More detail