AC Energy builds the biggest Wind Farm in Vietnam

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AC Energy, Inc. is building the largest wind farm in Vietnam, boosting its overall renewables capacity to 1,200 megawatts (MW). The energy firm said it is constructing a 210-MW wind farm in the coastal area of Quang Binh province with partner AMI Renewables Energy Joint Stock Co.

“We are excited to embark on what would be the largest wind project for Vietnam as well as for AC Energy,” AC Energy President Eric T. Francia said in a statement.

“We continue to transition to a low carbon portfolio, and work toward our goal of reaching 5,000 MW of renewables capacity by 2025,” he added.

The power companies started their partnership centered on building clean energy plants in 2017. They aim to put up projects with a total capacity of 1,000 MW by 2025.

The Quang Binh Wind Farm project, according to AMI Renewables Chairman Nguyen Nam Thang, is an “important milestone in the strategic plan execution of AMI AC Renewables.”

AC Energy, which strives to be one of the biggest renewables producers in Southeast Asia, places its business in Vietnam, seeing it as a “key” market that is fit for wind power, according to Patrice R. Clausse, AC Energy’s international chief operating officer. He added that the company wants to help the country meet its increasing power demand

Ayala Corp. is building the largest wind farm in Vietnam to date, as the conglomerate tries to keep the momentum of its power generation business in a country that has been less ravaged by the health crisis than others.

AC Energy builds the biggest Wind Farm in Vietnam 1
Quang Binh People’s Committee Executive Vice Chairman Nguyễn Xuân Quang presents a token to Ayala Chairman and CEO Jaime Augusto Zobel de Ayala

The project will use wind turbines from Vestas Asia Pacific, who will supply, transport, install, and commission wind turbines at a hub height of 145 meters to optimize wind energy production.

The Ayala-led company will be providing all the construction capital required for this project, the company said. It has not responded to request for more information, such as investments, as of press time.

Read More: BusinessWorld ; Inquirer

AC Energy Philippines Inc. is listed in the Philippine Stock Exchange as ACEPH and as of July 16, 2020, 03:30:00 PM it was last traded at P2.18 per share +0.93% higher than its previous close.

-Stockbytes PH, July 16 2020,

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