ADB, BIM Wind sign a $107M financing for Vietnam’s wind energy

This is in support of the 88MW wind farm in Ninh Thuan province.

The Asian Development Bank has signed a $107m financing project with BIM Wind Power Joint Stock Company (BIM Wind) in support of Vietnam’s wind energy.

In particular, the partnership will fund the operation of an 88-megawatt (MW) wind farm in Ninh Thuan province.

“Energy demand in Viet Nam has grown rapidly even during the pandemic, and it is crucial that this demand be met through clean energy that will drive sustainable economic growth,” ADB Private Sector Operations Department Infrastructure Finance Division Director for East Asia, Southeast Asia, and the Pacific Jackie B. Surtani said.

“This project is a crucial step toward Viet Nam’s resilience and ongoing recovery by further expanding the country’s renewable energy mix and contributing to its net-zero targets.”

The power plant is estimated to offset some 215,000 tonnes of carbon dioxide annually.

ADB will also administer an additional $5 million grant from the Goldman Sachs and Bloomberg Philanthropies-backed Climate Innovation and Development Fund to help de-risk the investment.

Follow the link for more news on

Asian Development Bank

Vietnam energy transition

Also Read

EWEC Seeks Developers for 1,500 MW Khazna Solar Photovoltaic Project

Saudi Arabia RE capacity expected to reaching 31.5 GW by 2030

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit