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Siemens Gamesa Receives Order for its First Nearshore Project in Vietnam

Zamudio, Spain - Siemens Gamesa Renewable Energy (SGRE) has secured an order to supply seven SG 4.5-145 for No. 5 Thanh Hai 1 wind farm. It is the company’s first nearshore project in Vietnam located between 2 km and 5 km off the coast.

Additionally, Siemens Gamesa will provide O&M services for the project for 10 years. The order marks the debut of this turbine model in the country and is the first agreement with Tan Hoan Cau JSC, a leading independent power provider in Vietnam specializing in hydro and wind power. Conditionally, Siemens Gamesa will supply seven more SG 4.5-145 for the second phase of the project. The 60 MW No. 5 Thanh Hai 1 & 2 wind farms will be located in Thanh Hai commune, Ben Tre province.

Commissioning of the No. 5 Thanh Hai 1 wind farm, with an installed capacity of 32 MW, is expected for mid-2020. The project shall help to meet the country’s fast-growing energy demand. The Vietnamese government has established a target of 800 MW of wind power installations by 2020, a large part will be realized in nearshore projects.

“We are coordinating the discussions with the financing parties, which includes at this stage the Danish Export Credit Agency, an international bank and one of Vietnam’s largest banks. For two years we have been working on a tailored financing solution to address Tan Hoan Cau JSC’s requirements and the challenges of the Vietnamese market and offer our customer the most bankable and competitive debt package available in the market”, stated Richard Paul Luijendijk, Siemens Gamesa Onshore CEO in APAC.

“As a reputable employer in Vietnam, Tan Hoan Cau is experienced in wind power investment. This first ever cooperation with Siemens Gamesa across the value chain from turbine supply to operation and maintenance over 10 years will help optimize project economics and lay a good foundation for both companies to further explore the nearshore market in Vietnam and other markets, based on competitive wind equipment and efficient operations,” stated Nguyen Trung Thanh, Tan Hoan Cau JSC’s Deputy CEO. “Thanh Hai 1&2 are just the first step of our cooperation towards the sustainable renewable energy target for Vietnam”, added Thanh.

In addition to Vietnam, Siemens Gamesa's footprint in Asia Pacific extends to China, Japan, South Korea, Indonesia, the Philippines, Thailand, Australia and New Zealand, where it has already installed more than 7.6 GW of onshore turbines. In the offshore segment, the company has developed strongly in this region following the signing of orders to supply 1.5 GW in Taiwan and preferred supplier agreements for an additional 831 MW in Japan and Taiwan.



Source: IWR Online, 23 Jul 2019