USTDA To Fund Wind Power Development In Vietnam

0

USTDA To Fund Wind Power Development In Vietnam The U.S. Trade and Development Agency has awarded a grant to the Cong Ly Construction-Trade-Tourism Co. Ltd. to develop a 300 MW wind power project in Vietnam. The feasibility study grant will assist Cong Ly Ltd., a private-sector firm that operates the only near-offshore wind project in Vietnam, to develop a third phase of the Bac Lieu Wind Farm.

Commercial operation for Phase I of the Bac Lieu Wind Farm, which uses 10Â U.S.-manufactured GE wind turbines that generate approximately 16 MW of power, commenced in August 2013. For Phase III, the feasibility study will assist Cong Ly Ltd. in expanding this wind farm through the examination of the technical challenges that arise from an offshore location. The study will include a wind resource and energy assessment, a review of permitting and land control issues, an electrical grid interconnection and foundation design, construction cost estimates and a financing plan.Â

The agency's involvement with Cong Ly dates back to 2013 when USTDA brought wind power project developers to the U.S. to meet with U.S. wind turbine manufacturers and the Export-Import Bank (Ex-Im) of the U.S.

Cong Ly Ltd. was one of those companies, and in December 2014, Cong Ly Ltd. signed a contract for more than 50 GE turbines, with financing from Ex-Im Bank for Phase II of the Bac Lieu Wind Farm.

Leave a Comment
Your email address will not be published. Required fields are marked *

avatar
  Subscribe  
Notify of