Wind Power Project Vietnam

If the challenges of financing wind projects can be addressed wind power development can grow exponentially in vietnam.

Wind power project vietnam. For offshore wind projects the fit is vnd 2 223 or 9 8 cents kwh. Meanwhile citing the rapidly falling cost per gigawatt of electricity produced by utility scale wind and solar power projects the think tank carbon tracker warned in october 2018 that vietnam s existing coal fired power plants with an average age of about 15 years will be stranded assets by 2028. As vietnam s economy grows domestic demand of electricity continues to increase. Vietnam moit proposes extension of current fit rate for wind power projects.

The feed in tariff for wind power projects is 1 927 vnd kwh equivalent to 8 5 cents kwh. The project developer vietnam renewable energy joint stock company revn has designed the tuy phong wind farm with a total capacity of 30mw consisting out of 20 turbines each with 1 5mw to generate 85 million kwh per year. Various unaddressed risk factors are preventing international developers from getting non recourse financing for wind projects in vietnam due to the ppa bankability. Thai oil firm slated to sell power to vietnam from asean s largest wind farm bcpg the renewables unit of thai oil firm bangchak corporation is slated to sell electricity to the power thirsty economy of vietnam from a 600mw wind project in neighbouring laos that s expected to be the largest in the association of southeast asian nations asean.

Currently the main energy sources of vietnam are coal and hydropower. May 13 2020 vietnam general fit rate moit vietnam dr. Current status of wind based power development in vietnam. Ayala signs deal for wind turbines in vietnam wind power project march 25 2020 reve ac energy of the ayala group and its singaporean partner the blue circle have inked a deal with american firm ge for the supply of turbines for their 40 megawatt second phase mui ne wind farm power project in binh thuan province in vietnam.

The total investment cost is vnd 1 450 billion usd 66 million equivalent with a debt equity ratio of 75 25. While the country has a goal of installing 6 gw of wind power capacity by 2030 government guarantees that thermal energy project developers have enjoyed may not be available for wind power projects. Construction of single circuit line acsr 185 wire with a length of about 6 km. On 8 may 2020 the ministry of industry and trade issued official letter no 3299 bct dl the letter on supplementation of wind power projects into the power development planning.

Vietnam approves 91 wind generation projects for power master plan. Vietnam s revised national power development master plan has emphasized the role of renewable energy sources in alleviating vietnam s electricity deficit and has targeted an increase in wind power generation to 2 000 mw by 2025 and 6 000 mw by 2030. Huong son 2 wind power plant is expected to connect to the national electricity system with the plan to build a 22 110kv transformer station at huong son 2 wind power plant.