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July 20, 2020updated 18 Aug 2020 4:42am

Vestas wins 101MW wind turbine supply order in Vietnam

Danish energy services company Vestas has secured a contract from AMI AC Renewables to supply 101MW of wind turbines.

Danish energy services company Vestas has secured a contract from AMI AC Renewables to supply 101MW of wind turbines.

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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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The turbines will operate at the B&T Wind Farm, in the Quang Binh province of Vietnam. Under the contract, Vestas will supply, install, and commission 24 V150-4.2MW wind turbines for the project’s second phase.

AMI AC Renewables, a joint venture between AC Energy and AMI Renewables, manages the wind farm. AMI Renewables chairman Nguyen Nam Thang said: “The Quang Binh Wind Farm is an important milestone in AMI AC Renewables’ strategic journey.

“Together with our fruitful partnership with AC Energy and Vestas’ proven track record in the Asia Pacific region, we are confident this project will contribute significantly to Vietnam’s energy development, which is essential to the nations’ economic growth and overall progress in improving quality of life.”

The 210MW B&T wind farm combines two large-scale foreign-invested renewable energy projects.

Vestas has agreed to maintain the turbines for a period of 20 years under an active output management 5000 agreement.

The company’s Asia Pacific president Clive Turton said: “I would like to thank AMI AC Renewables for their continued trust and confidence by awarding us with both phases of this project.

“Vestas is excited to be part of the Quang Binh Province’s growing ambition to develop its wind power potential.”

Construction works will finish in the third quarter of next year, before the current Vietnamese wind feed-in tariff deadline.

In a statement, Vestas said the turbines will have a hub-height of 145m to optimise wind energy production. Upon completion, B&T Wind Farm will be Vestas’ largest wind project in Vietnam.

Last month, Vestas has secured a 48MW order from Phong Lieu Wind Power.

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Free Report
img

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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