Wpd Enters Vietnam’s Energy Market with Kon Plong Project

Source Press Release
Company wpd AG 
Tags Asset Deals, Deals, Renewable Energy, Power
Date July 23, 2021

Together with Levanta Renewables, a Singapore-based developer of renewable energy projects in Southeast Asia, German developer wpd is planning the Kon Plong onshore wind energy project in the Vietnamese province of Kon Tum, located about 780 km southeast of the Vietnamese capital Hanoi. The project marks wpd’s entry into the Vietnamese market. The company will focus on project developments through cooperations for both onshore and offshore wind.

The development of the project, planned for a total capacity of up to 103.5 MW, has been initiated by Levanta Renewables and advanced with support from its Vietnamese partners. The partnership with wpd will drive the next development stage for the Kon Plong project.

Wind measurements have already confirmed attractive wind resources at the site in the central highlands. The Kon Plong project has been included in Vietnam’s “Power Development Plan 7” and is therefore well positioned to receive central government support for further development steps. According to current planning, construction is expected to start as early as 2022.

“Our market entry in Vietnam is part of the expansion of our activities in the Asia-Pacific region. The Kon Plong project and the good cooperation with Levanta will allow us to further expand our pipeline,” said Hans-Christoph Brumberg, Head of Business Development APAC at wpd. “We will advance global decarbonization with more projects in Vietnam and the APAC region.”

“Vietnam’s potential for wind energy is a key element in the country’s plan to double its use of renewable energy to meet rapidly growing electricity demand this decade and to reduce greenhouse gas (GHG) emissions. With the Kon Plong project, together with wpd and our other partners, we aim to help meet this demand while supporting Vietnam’s energy transition,” said Sudhir Nunes, co-founder and managing director of Levanta Renewables.

A key role in the successful completion of the transaction was played by advice from 4initia, a Berlin-based independent engineering and consulting firm. Given the complex structure of the transaction, which was realized in parts in Singapore and Vietnam, the company’s know-how and experience was a valuable support.

Source: EvaluateEnergy® ©2021 EvaluateEnergy Ltd