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ARTICLE · 19 APRIL 2018

Land Speculation Clouds Vietnam's Renewable Energy Projects

Duane Morris LLP
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Vietnam's southern province of Ninh Thuan continues to see growth in its renewable energy resources, with Spain's Siemens Gamesa Renewable Energy (SGRE) ...

United StatesEnergy and Natural Resources
Duane Morris
Duane Morris
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Vietnam's southern province of Ninh Thuan continues to see growth in its renewable energy resources, with Spain's Siemens Gamesa Renewable Energy (SGRE) winning in its bid for the second phase of the existing 39MW Dam Nai wind farm.

According to the plan, the company will supply 12 turbines by October this year. SGRE will also handle the management and maintenance of the facility over the course of the next ten years for Dam Nai's operator, independent power producer Blue Circle.

The first phase of the Dam Nai wind farm kicked off in April last year, with total investment capital of US$15 million. During the first phase SGRE installed three turbines, which are already operational. Siemens Gamesa has said it expects "significant growth" in Vietnam over the coming years as the country "begins to utilise some of the best wind resources in Southeast Asia."

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