PPA signed for 600 MW Onshore wind farm in Laos
Vietnam Electricity (EVN) and Impact Energy Asia Development Limited (IEAD) signed the 25-year Power Purchase Agreement for the Monsoon Wind Project, a 600 MW wind energy project to be located in Lao PDR.
Not only will the Monsoon Wind Project be ASEAN’s largest wind farm, but it will also be the region’s first cross-border wind energy project. The wind farm will be located in the Sekong and Attapeu provinces in Southern Lao PDR and the wind farm will deliver green energy from Lao PDR to Central Vietnam through the project’s 500 kV transmission line. The construction is expected to commence in 2022, with the commercial operation date targeted by 2025.
The Monsoon Wind Project will supply green energy to Vietnam to support the country's growing economy and carbon footprint reduction efforts. ASEAN's largest wind farm is projected to save over 35 million tonnes of greenhouse gas over its lifetime. The project also enhances Vietnam's grid stability as the majority of the project's electricity will be generated during the dry season, which is complementary to Vietnam’s existing supply of hydropower electricity that is generated mostly during the wet season.
IEAD has been developing the Monsoon Wind Project since 2011. IEAD is a partnership between Impact Wind Investment Limited, which holds 55%, and BPCG Public Company Limited, a leading renewable energy company in Thailand and Asia-Pacific, which has 45%.
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December 08, 2020
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ADB announces US$235 million for renewable projects in South-East Asia
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October 24, 2017
Mega First secures US$150 million financing for 260 MW Don Sahong hydropower plant in Lao PDR
Mega First has entered into binding agreement with several financial institutions for a total of US$150-million financing for the the 260 MW Don Sahong hydropower project in Laos.
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September 28, 2017
Statkraft and Norfund swap hydropower shares
Statkraft and Norfund have closed an agreement to swap shares in their jointly owned international hydropower assets.
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