Construction for 48 MW near-shore wind farm in Vietnam commences
Climate Fund Managers has announced that construction has commenced of the 48MW near-shore wind farm in Vietnam. The farm will assist in meeting energy demand.
Vietnam: Climate Fund Managers has announced that construction has commenced of the 48 MW near-shore wind farm in Tra Vinh province, Vietnam.
CI1’s Construction Equity Fund has committed $71 M to the project company, ‘Tra Vinh Wind Power Company’, which is jointly funded by Korean energy firm ST International. Vestas, the pioneering global supplier of wind turbines will act as EPC for the project.
The Tra Vinh wind farm will assist Vietnam in meeting its rapidly growing energy demand, whilst supporting their ambition to move away from fossil fuel power in favour of renewable energy.
Andrew Johnstone, Climate Fund Managers CEO, stated: “The beginning of construction at the Tra Vinh wind farm represents a significant milestone for Climate Investor One. It is the first large scale development completed by CI1 in Asia, representing the culmination of two years of hard work, innovation, and development. The installation has several innovative features, and is already creating a positive impact at the local level through its community development programme, both hallmarks of CI1’s value contribution to the countries it operates in.”
Source: ESI-Africa