The Japan International Cooperation Agency (JICA) has closed a US$25 million loan with BIM Energy Holding Corporation, a unit of the BIM Group Joint Stock Company, and ACEN Vietnam Investments Pte. Ltd., a subsidiary of the ACEN CORPORATION (ACEN), for the development of the 88 MW wind farm project located in Ninh Thuan, South Central Vietnam.
The loan is co-financed by the Asian Development Bank (ADB), Hong Kong Mortgage Corporation Limited, the Sumitomo Mitsui Banking Corporation, ING Bank, and Cathay United Bank.
The project, which will have up to 22 GE Cypress turbines, is expected to supply clean energy for up to 50,000 homes annually once commissioned. The solar farm is expected to contribute to the sustainability efforts of the Vietnamese government.
Country updates
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October 27, 2022
Dong Nai to invest in Waste-to-power plant in Vinh Tan commune
The Dong Nai Province has announced that it will provide VND2.28 billion (US$91.93 million) for the development of a Waste-to-power PPP plant in Vinh Tan commune in Vietnam. The waste-to-po...
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September 27, 2022
Norsk Solar secures PPA for 1.8 MW Vietnamese rooftop solar PV project
Norsk Solar AS and Lineage Logistics have signed a power purchase agreement (PPA) involving the construction of a 1.8 MW rooftop solar photovoltaic (PV) project in Vietnam. Three PV systems will be in...
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August 19, 2022
JERA invests in Gia Lai Electricity JSC
JERA Co., Inc. has secured a share purchase agreement with International Finance Corporation (IFC) and Armstrong S.E. Asia Clean Energy Fund Pte. Ltd in order to buy a 35.1% stake in Gia Lai Electrici...
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July 26, 2022
NovaWind partners An Xuan Energy for 128 MW wind project in Son Lang
NovaWind, a wind power unit of Rosatom, has signed a cooperation agreement with An Xuan Energy for the development of the 128 MW wind farm located in the Son Lang province of Vietnam. An X...
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June 30, 2022
EDPR enters deal to acquire 200 MW solar project in Thuan Bac District
EDP Renovaveis SA has entered into an agreement with Xuan Thien Group for the purchase of the 200 MW solar photovoltaic project located in the Thuan Bac District, Ninh Thuan province of Viet...
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