Thien Phu 2 Wind Farm is a 416.4MW offshore wind power project. It is planned in South China Sea, Ben Tre, Vietnam. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 416.4 | – | 416.4 | Permitting | Ben Tre, Vietnam | Thien Phu Energy Investment |
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Description
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By GlobalDataThe project is being developed by Thien Phu Energy Investment. Lee & Lee and Queen Capital Finance are currently owning the project.
The project cost is expected to be around $860m. The project will be spread over an area of 36km².
The wind power project consists of 10 turbines each with 3 MW nameplate capacity and 92 turbines each with 4.2 MW nameplate capacity respectively.
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. The power will be sold at the rate of $0.098kWh for a period of 20 years.
About Thien Phu Energy Investment
Thien Phu Energy Investment Corp (Thien Phu Energy Investment) is a developers in the field of onshore and offshore wind farms. The company is headquartered in 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.
