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November 26, 2021

Sekong Wind Farm, Laos

By Carmen

Sekong Wind Farm is a 600MW onshore wind power project. It is planned in Xekong, Laos. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned 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 Xekong, Laos BCPG Public; Impact Energy Asia Development

Description

The project is being developed and currently owned by BCPG Public and Impact Energy Asia Development. The company’s ownership stake in the project stands as 45% and 24% respectively.

The electricitiy generated from the plant will offset 35,000,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $900m.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2025.

Power Purchase Agreement

The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement for a period of 25 years.

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 Development

Impact Energy Asia Development Limited, a power generation company that engaged in providing wind energy services. The company is headquartered in Hong Kong Special Administrative Region of China.

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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