Bac Lieu Wind Farm, Vietnam

Bac Lieu Wind Farm is a 99.2MW offshore wind power project. The project is located in South China Sea, Bac Lieu, Vietnam. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in May 2013.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.

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Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	99.2	99.2	–	Active	Bac Lieu, Vietnam	Cong Ly Construction-Trade-Tourism

Description

The project is developed and owned by Cong Ly Construction-Trade-Tourism.

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The project generates 320,000MWh electricity thereby offsetting 143,761t of carbon dioxide emissions (CO2) a year. The project cost is $233m.

Development Status

The project is currently active. The project got commissioned in May 2013.

Power Purchase Agreement

The power generated from the project is sold to Vietnam Electricity under a power purchase agreement at the rate of $0.098kWh.

Contractors Involved

GE Renewable Energy was selected to render EPC services for the wind power project.

GE Renewable Energy was selected as the turbine supplier for the wind power project. The project consists of 62 units of 1.6-82.5 turbines, each with 1.6MW nameplate capacity.

GE Renewable Energy is the O&M contractor for the Bac Lieu Wind Farm (Bac Lieu Wind Farm I).

The wind power project consists of 86m high towers supplied by CS Wind Vietnam.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.