48MW Tra Vinh intertidal wind project in Vietnam goes online
The project was also among the 28 wind farms that met the deadline to qualify for feed-in tariffs.
The 48-megawatt (MW) Tra Vinh Wind Power intertidal wind farm project in Vietnam has commenced commercial operations, renewable energy development services provider Modern Energy Management said.
The wind farm investors are Climate Investor One, a blended finance facility providing renewable energy infrastructure projects in emerging markets, and South Korean energy company ST International. The Tra Vinh project is ST International’s first investment in Vietnam.
Modern Energy Management, meanwhile served as Owner’s Representative for the development of the project in 2017 and was retained to manage the completion of construction to ensure the project reaches commercial operations ahead of the 1 November deadline for feed-in tariff.
The wind farm project was among the 28 wind farm projects amounting to 1.2 gigawatts (GW) that was able to meet the deadline to qualify for Vietnam’s feed-in-tariff (FiT).
Initially, a total of 106 projects amounting to 5.6GW of wind capacity were in construction for the planned FiT of $0.098 for offshore and $0.085 for onshore wind. Only 28 projects met the deadline due to the complications brought about by the pandemic, it noted.