Siemens Gamesa Renewable Energy will supply 25 of its 4.5-145 turbines for the 113 MW Hoa Thang 1.2 wind farm in Vietnam. Expected to be commissioned in 2021, the wind farm will generate enough clean energy to power more than 240,000 Vietnamese households.
The deal marks the largest order in the country for Siemens Gamesa, while it has also secured a long-term 10-year service contract. The project is being developed by Hoa Thang Energy Joint Stock Company, a special-purpose vehicle of Vietnam’s construction group Trading Construction Works Organisation.
Richard Paul Luijendijk, CEO of Siemens Gamesa’s onshore business unit in APAC, said: “With an accumulated installation of 101 GW, Siemens Gamesa can leverage its global expertise and footprint to partner with Hoa Thang Energy to develop one of the largest wind farms in Vietnam. As market scale and financing are helping to unlock potential in Vietnam, we are committed to supporting our Vietnamese customers to accelerate the penetration of renewable energy and bring clean power for generations to come.”
Hoa Thang Energy is a pioneer of renewable energy in Vietnam, where the fast-growing economy has seen electricity demand rise by around 10 per cent annually.
Meanwhile, Nguyen Thanh Oai, CEO of Trading Construction Works Organisation, added that they are pleased to partner with Siemens Gamesa and leverage its industry-leading experience and reputation to develop renewable energy in the country.
“We selected Siemens Gamesa as the most appropriate supplier for our first wind farm project. This first ever cooperation between the two companies will lay a good foundation for us to further explore the wind market in Vietnam,” he stated.
The Vietnamese government estimates that total power generating capacity will reach 125-130 GW by 2030, up from 46 GW in 2018. In order to mitigate climate concerns, the government also aims for renewable energy to account for 15-20 per cent of its total energy output by 2030 and has established a target of developing 6 GW of wind power capacity by 2030.