November 15, 2021 Read More →

Mainstream Renewable Power gets government okay to build 1.4GW offshore wind farm in Vietnam

Reve:

Mainstream Renewable Power has received approval from the provincial government of Soc Trang in Vietnam for the first 200MW phase of the Phu Cuong Soc Trang offshore wind farm.

The project, once fully complete, will have a capacity of up to 1.4GW and will generate enough electricity to power over 1.6 million homes, as well as mitigating 1.8 million tonnes of carbon dioxide emissions each year.

Phu Cuong Soc Trang is anticipated to reach financial close in 2022, enabling first power to commence as early as 2023, Mainstream said.

The wind farm is a joint venture between Mainstream (70%) and its Vietnamese partner the Phu Cuong Group (30%).

The project will follow a multi-stage development approach, with 200MW of capacity set to be delivered in phase 1 and the remaining 1.2GW to be developed thereafter.

Mainstream said the project has already completed its wind measurement campaign and other site studies, and the procurement process to secure a turbine supplier and balance of plant contractor is well advanced. The company will work closely with EVN, Vietnam’s national electricity company, to finalise the grid connection agreement, as well as the project’s power purchase agreement.

More: Mainstream advances 1.4GW Vietnamese offshore wind energy

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