The 88-megawatt (MW) wind farm project of AC Energy Corp. (ACEN) and the BIM Group in Vietnam started commercial operations on Monday.
The $155-million wind farm in South Central Vietnam is expected to produce 327 GWH per year, enough to power around 50,000 homes per year with renewable energy that can help avoid 298,551 tons of CO2 annually.
The 88MW Ninh Thuan wind farm project brings ACEN’s renewable energy capacity in the country to about 1,000 MW in operation and under construction, making Vietnam the company’s second largest market to date after the Philippines.
“We are very excited to bring this new project into commercial operations ahead of the Feed-In-Tariff deadline, notwithstanding the many challenges brought about by the COVID-19 pandemic,” said Patrice Clausse, COO of AC Energy International.
This is the second joint project of ACEN and the BIM Group following the 405 MW Ninh Thuan solar farm, one of the largest solar farms in Southeast Asia. Inaugurated in 2019, the solar farm reached a significant milestone with one billion kilowatt hour (kWh) output.
Ninh Thuan Solar and Ninh Thuan Wind are expected to generate around 900 million kWh of renewable energy per year, establishing the joint venture’s strong support of Vietnam’s energy transition.
“ACEN is at the forefront of energy transition and has identified Vietnam as one of its priority markets. The company currently has 2,100 MW of renewables capacity, and is on track to attain its goal of 5,000 MW of renewables capacity by 2025, and become the largest renewables platform in Southeast Asia,” said Eric Francia, ACEN President.
Huy Quoc Doan, Deputy Chairman, CEO of BIM Group, lauded the partnership with ACEN.
“The 88 MW Ninh Thuan wind farm has proven our experience, determination and execution capability during the uncertainty of the pandemic. This is yet another successful partnership, following the cluster of 405 MW Ninh Thuan Solar Farm projects, which transformed the region into Vietnam’s largest salt and renewable energy economic zone, while contributing to the country’s sustainable economic development, environmental protection and clean energy production for the future.”
ACEN has 2,600 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India and Australia.
It aims to become the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025.