Siemens Gamesa wins new turbine order for Vietnamese project
PRESS RELEASE – Siemens Gamesa has been awarded a new wind turbine order for the Hoa Thang 1.2 wind farm in Taiwan. The manufacturer will supply 25 4.5 MW turbines for the project, supplying 240,000 households with electricity once the project is finished.
The deal marks Siemens Gamesa’s largest order in Vietnam to date and includes a long-term 10-year service contract.
The project, located in the Bac Binh district on the South-Central coast of Vietnam, is developed by Hoa Thang Energy Joint Stock Company, a special-purpose vehicle of Vietnam’s construction group Trading Construction Works Organization (WTO).
Wind energy is rapidly gaining a foothold in Vietnam where the fast-growing economy has seen electricity demand rise by around 10% annually. The Vietnamese government estimates that total power generating capacity will reach 125-130 GW by 2030, up from 46 GW in 2018. In order to mitigate climate concerns, the government aims for renewable energy to account for 15-20% of its total energy output by 2030 and has established a target of developing 6 GW of wind power capacity by 2030. This particular project for Siemens Gamesa will have a capacity of 113 MW.
“As market scale and financing are helping to unlock potential in Vietnam, we are committed to supporting our Vietnamese customers to accelerate the penetration of renewable energy and bring clean power for generations to come,” said Richard Paul Luijendijk, CEO of Siemens Gamesa’s Onshore business unit in APAC.
Siemens Gamesa has been expanding in the Asia Pacific markets since the 1980s and has installed more than 8.4 GW of onshore turbines in China, Pakistan, Japan, South Korea, Indonesia, the Philippines, Thailand, Australia and New Zealand. In the offshore segment, the company successfully completed the installation of Taiwan’s first offshore wind power project in 2019 (128 MW) and in addition reached close to 2 GW of firm orders. The company also signed preferred supplier agreements for an additional 755 MW combined volume in Japan and Taiwan.