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AC Energy Starts Vietnam Renewable Power Project
- By The Financial District
- Oct 4, 2021
- 2 min read
AC Energy Corporation (PSE: ACEN) and the BIM Group announced today the start of commercial operations of its latest joint venture development, the 88 MW Ninh Thuan wind farm.
Photo Insert: Located in South Central Vietnam, the Ninh Thuan wind farm is the second wind project in the country utilizing GE Renewable Energy's Cypress turbines.
The project brings ACEN’s renewable energy capacity in the country to ~1,000 MW in operation and under construction, making Vietnam the company’s second-largest market to date after the Philippines.
Located in South Central Vietnam, the US$ 155 million wind farm features 22 units of GE Renewable Energy’s Cypress turbines. It is expected to produce 327 GWh per year once fully operational, enough to power around 50,000 homes per year with renewable energy that can help avoid 298,551 tonnes of CO2 annually.
This is the second joint project of ACEN and the BIM Group following the 405 MW Ninh Thuan solar farm, one of the largest solar farms in Southeast Asia. Inaugurated in 2019, the solar farm reached a significant milestone with a 1 billion KWh output and clocking in 183,682 man-hours for a sterling performance on health and safety with zero lost time due to accidents.
Ninh Thuan Solar and Ninh Thuan Wind are expected to generate around 900 million kWh of renewable energy per year, establishing the joint venture’s strong support of Vietnam’s energy transition.
“We are very excited to bring this new project into commercial operations ahead of the FeedIn-Tariff deadline, notwithstanding the many challenges brought about by the COVID-19 pandemic,” said Patrice Clausse, COO of AC Energy International.
“As we continue to carve a niche for ourselves by developing some of the most notable renewable energy plants in Vietnam to date, we will continue to accelerate our investments in renewables in the country and aid in its goal to increase the share of renewables in their energy mix.”
