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Vietnam has some of the best wind resources in Southeast Asia. In an effort to tap the country’s potential and provide more clean energy to the country, Siemens Gamesa Renewable Energy will supply 25 SG 4.5-145 for one of the nation’s largest wind farms. With a total capacity of 113 MW, the Hoa Thang 1.2 wind farm will generate enough electricity to meet the demands of over 240,000 Vietnamese following its commissioning in 2021. The deal also marks the largest order in the country for Siemens Gamesa. Additionally, the company has secured a long-term 10-year service contract.
The project, located in the Bac Binh district, Binh Thuan province, on the South-Central coast of Vietnam, is developed by Hoa Thang Energy Joint Stock Company, a special-purpose vehicle of Vietnam’s construction group Trading Construction Works Organization, which has close to 60 years’ construction experience. The Vietnam 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 percent of its total energy output by 2030 and has established a target of developing 6 GW of wind power capacity by 2030.
Siemens Gamesa has been expanding in the Asia Pacific markets since the 1980s and has installed more than 8.4GW of onshore turbines in China, Pakistan, Japan, South Korea, Indonesia, the Philippines, Thailand, Australia and New Zealand. In the offshore segment, the company successfully completed the installation of Taiwan’s first offshore wind power project in 2019 (128 MW) and in addition reached close to 2GW of firm orders. The company also signed preferred supplier agreements for an additional 755MW combined volume in Japan and Taiwan.
Keywords: Siemens Gamesa, Vietnam, Wind Farm, Renewable Energy, ARC Advisory Group