Siemens Gamesa leveraged its offshore wind experience to develop a specially-configured version of one of its onshore turbines for a project in Vietnam
The company is to supply seven SG 4.5-145 turbines for the first phase of the 32-MW No 5 Thanh Hai windfarm project, which is being built just off the coast of the country. The company will also provide service and maintenance for 10 years and is co-ordinating discussions about finance for the project with the Danish Export Credit Agency, an as yet unspecified international bank and what it described as "one of Vietnam’s largest banks."
Siemens Gamesa onshore chief executive Richard Paul Luijendijk said, “For two years we have been working on a tailored financing solution to address Tan Hoan Cau JSC’s requirements and the challenges of the Vietnamese market while offering our customer the most bankable and competitive debt package available.”
The deal marks the debut of this turbine in the country and is the turbine OEM’s first agreement with Tan Hoan Cau JSC, a leading independent power provider in Vietnam specialising in hydro and wind power.
Siemens Gamesa may also supply seven SG 4.5-145 for the second phase of the project and has a conditional agreement to do so. The No 5 Thanh Hai 1 and 2 windfarms are both in Thanh Hai commune, Ben Tre province.
Commissioning of the No 5 Thanh Hai 1 windfarm is expected to take place in mid-2020.
The Vietnamese Government has established a target of 800 MW of wind power installations by 2020, a large part of which will be nearshore projects.