Mainstream Renewable Power has signed a Joint Development Agreement with Vietnamese company Advance Information Technologies Corporation (AIT), a specialist in providing EPC services to power projects and a strong local developer of renewable energy projects, to co-develop a 500MW offshore wind project in Ben Tre province, Vietnam.
The project received the requisite site survey license earlier this year. Since then, it has completed a feasibility study and then submitted a Power Development Plan (PDP) application to Vietnam’s Ministry of Industry and Trade with a view to the project being included in the Vietnam Government’s forthcoming national PDP period 2021-2030 with a vision to 2045 (PDP 8).
The project is expected to reach Financial Close and start construction by 2023/24, and reach commercial operation by 2025/26 when it will provide much-needed power to support the economic growth in Vietnam.
