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November 26, 2021

Monsoon Wind Farm, Laos

By Carmen

Monsoon Wind Farm is a 600MW onshore wind power project. It is planned in Attapu, Laos. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2025.

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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 600 600 Permitting Attapu, Laos BCPG Public; Impact Energy Asia

Description

The project is being developed and currently owned by BCPG Public and Impact Energy Asia. The company’s ownership stake in the project stands as 55% and 45% respectively.

The project cost is expected to be around $1,300m.

Development Status

The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2025.

Power Purchase Agreement

ASEAN Centre for Energy and Vietnam Electricity are expected to be the power offtakers from the project.

Contractors Involved

Vestas Wind Systems is expected to render EPC services for the wind power project.

Vestas Wind Systems will be the turbine supplier for the wind power project.

About BCPG Public

BCPG Public Co Ltd (BCPG) a subsidiary of Bangchak Corporation PCL, is a producer and seller of electricity. It generated electricity from renewable energy such as hydropower, solar power, biomass power, wind power and geothermal power businesses in Thailand, Japan, Laos, the Philippines and Indonesia. BCPG also has solar farms in Thailand with the total contractual power generating capacity of 141 megawatts (MW). The company operates its solar power plants in Thailand and Japan. BCPG is headquartered in Bangkok, Thailand.

About Impact Energy Asia

Impact Energy Asia Limited is a developer of wind power generation plants.

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.

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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.
by GlobalData
Enter your details here to receive your free Report.

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