Banpu buys full ownership of 37.6 MW Mui Dinh wind project in Ninh Thuan

Ven-wind New Energy GmbH, a company owned by eab New Energy and ENERCON, has entered into a Share Purchase Agreement with BRE Singapore Pte. Ltd., a subsidiary of Banpu PCL and Banpu Power PCL for the sale of 100% of its interests in el wind Mui Dinh Ltd., owner, and operator of the 37.6 MW Mui Dinh wind farm located in Ninh Thuận Province, Vietnam.

The project, comprising 16 Enercon E103/2350 turbines, has been in full operation since April 2019 and benefits from a 20-year power purchase agreement with EVN, Vietnam’s state-owned utility.

Ficus Capital acted as exclusive financial adviser to ven-wind New Energy on the sale with Rödl & Partner providing legal advice. Evercore acted as financial adviser to BRE Singapore Pte. Ltd with Hunton Andrews Kurth LLP and Zico Law Vietnam providing legal advice. Completion of the transaction is subject to customary closing conditions and is expected to take place by the end of this year.