The project, which is located in the southern province of Ninh Thuan, has been divided into two phases, stated SGRE in a statement.
Siemens Gamensa to set up wind farm in Vietnam.
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Siemens Gamesa will also handle the operations and maintenance services at this facility for the next 10 years.
"We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects", highlighted Álvaro Bilbao, CEO of Siemens Gamesa in Asia Pacific in a statement.
Bilbao added that the company has recently opened a permanent office in the country.
SGRE expects significant growth in Vietnam in the coming years as the country begins to utilize some of the best wind resources in South East Asia, the target being to install 1 gigawatt (GW) by 2020.
Constrained by the strong winds that kick up in this region from around October, the deadline between the contract's execution and the commissioning of the wind farm is very tight, demonstrating once again the company's ability to adapt to its customers' tailored requirements on a project by project basis.
In addition to Vietnam, Siemens Gamesa's footprint in Asia Pacific extends to China, South Korea, Indonesia, the Philippines, Thailand, Japan, Australia and New Zealand, where it has already installed more than 6.6 GW and has another 1.2 GW in execution. In addition, the company has recently announced a new offshore contract in Taiwan to supply 120 MW.
Wind energy is becoming an increasingly important source of power. Over 54 gigawatts (GW) of wind power were installed globally in 2016 and cumulative capacity grew by more than 12 percent to hit 486.8 GW, according to an April 2017 report from global trade association the Global Wind Energy Council.
Under the 2011-2020 National Power Development Plan, Vietnam plans to cut back coal-fired projects to 26,000MW by 2020, from the 36,000MW planned in 2011. Renewable energy would grow to 9.9% of the country's total electricity production by 2020, to 12.5% by 2025 and to 21% by 2030.
