Help Desk -
9958816305, 9810335381
Email
Password

Largest Wind Turbines in Asia to power Vietnam

Power News - Published on Tue, 31 Mar 2020

Image Source: Blue Circle AC Energ, General Electric Renewable Energy
The Blue Circle and its partner AC Energy, the power generation arm of Philippine conglomerate Ayala Corporation, have signed Asia’s first Notice to Proceed with General Electric Renewable Energy for its new Cypress platform wind turbines. The eight turbines with a unit capacity of 5MW for a total of 40MW will carry the largest rotor diameter for an onshore project in Asia (158 meters) and will be the first to transport blades in two pieces before assembly on site.

Despite the general suspension of master plan approvals in Vietnam related to the new Planning Law implementation, The Blue Circle has succeeded in securing the land and grid connection for the Project in a difficult context.

The Mui Ne Wind Project site has a total expansion potential of up to 170MW in one of the best wind resource areas in continental Vietnam. The Project’s estimated cost is around US$80M, which will be financed by debt and equity, and is planning to qualify for the wind feed-in-tariff of 8.5 US cents per kWh.

AC Energy (through its wholly-owned subsidiary, AC Energy Vietnam Investments 2 Pte. Ltd) will participate in this Project with a 50% voting stake. GE Vietnam will provide a Full Service Agreement for up to 15 years, and The Blue Circle will manage operations through an Asset Management Services contract.

Source :

Posted By : Yogender Pancholi on Tue, 31 Mar 2020
Related News from Power segment