WPD, a German wind developer, has entered the Vietnamese market with a deal to co-develop a 103.5MW project in the country’s central highlands. It will collaborate with Singaporean developer Levanta Renewables to build the Kon Plông onshore wind farm, and it has hopes to extend its project pipeline in the region.
The project is in Kon Tum province, approximately 780 kilometres south-east of Hanoi, and close the western border with Laos and Cambodia. Although no specific date has been set for when the wind farm will be operational or which turbines will be deployed, WPD believes construction might begin as early as 2022.
Levanta has previously conducted wind measurements, confirming the site’s appealing resources in the central highlands. Because the project is featured in Vietnam’s most recent power development plan (PDP7), it is well positioned to attract funding from the central government for additional development steps.
The German developer also stated that it intends to grow its project pipeline in Vietnam and the rest of the Asia Pacific region. WPD intends to work with other companies to create both onshore and offshore wind farms. Advice from 4initia, a Berlin-based independent engineering and consulting firm, was important in the transaction’s successful completion. Given the transaction’s complicated structure, which was carried out in parts in Singapore and Vietnam, the firm’s expertise and knowledge were helpful. WPD constructs and operates onshore and offshore wind farms, as well as solar parks. The company operates in 28 countries and has completed wind energy projects with a total capacity of 5,150 MW and 2,400 wind turbines. There are 12,300 MW onshore, 13,800 MW offshore, and 1,650 MW solar energy projects in the pipeline.