GELEX 2 Wind Farm, Vietnam

GELEX 2 Wind Farm is a 30MW onshore wind power project. It is located in Quang Tri, Vietnam. The project is currently active. It has been developed in single phase. The project construction commenced in 2021 and subsequently entered into commercial operation in October 2021.

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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
Onshore	30	30	–	Active	Quang Tri, Vietnam	Gelex Energy

Description

The project is developed and owned by Gelex Energy.

The project cost is $70.8m.

Development Status

The project is currently active. The project construction commenced in 2021 and subsequently entered into commercial operation in October 2021.

Contractors Involved

SCI Consulting and SCI E&C were selected to render EPC services for the wind power project.

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.