ACEN signs financing for Monsoon Wind project in Lao PDR

This is the first wind power project in Lao PDR.

ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has signed the financing documents for its Monsoon Wind project in Lao PDR.

The project is expected to build, own and operate a 600-megawatt wind power plant along with a 500 kilovolt transmission line in the Sekong and Attapeu provinces.

It is not only the first wind power project in Lao PDR, but also the first cross-border wind project in Southeast Asia. this comes as the 25-year agreement provided that electricity generated from Monsoon Wind will be sold to Vietnam Electricity.

“Vietnam has significantly scaled up solar and wind over the last few years which made it an ideal place for sustainable investments,” Patrice Clause, CEO of ACEN International, said.

“Power demand in the country is recovering strong post-COVID, and the MOU between Laos and Vietnam unlocks a new avenue of providing more power to Vietnam while serving as a catalyst for more cross-border power sharing in the region.”

The Monsoon Wind project is a partnership with ACEN, BCPG Public Company Limited, Impact Electrons Siam Limited, Mitsubishi Corporation and SMP Consultation, and STP&I Public Company Limited.

The project will be co-financed by the Asian Development Bank as lead arranger, Asia Infrastructure Investment Bank, Japan International Corporation Agency, the Export-Import Bank of Thailand, Hong Kong Mortgage Corporation Limited, Sumitomo Mitsui Banking Corporation, Kasikornbank, and Siam Commercial Bank.

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