\n \n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n <\/div>\n \n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n

\n \n\n

<\/div>\n <\/div>\n <\/div>\n<\/div>\n \n\n

\n Rate this post<\/span>\n <\/div>\n <\/div>\n

<\/iframe><\/p>\nElectricity demand in Viet Nam is\u00a0expected\u00a0to grow at 8% annually through\u00a0to\u00a02030. Meeting this demand\u00a0will\u00a0require increasing\u00a0power\u00a0generation capacity and\u00a0developing\u00a0more renewable\u00a0sources of energy.\u00a0Building the infrastructure to generate and transmit the extra energy capacity will require significant amounts of financing and strong collaboration.\u00a0\u00a0<\/span><\/p>\nADB arranged and syndicated\u00a0a\u00a0$173 million green loan\u00a0to finance\u00a0the Lotus Wind Project. It is a milestone project for PC1 Group Joint Stock Company (PC1 Group),\u00a0one of Viet Nam\u2019s largest renewable power plant developers, and\u00a0for\u00a0its partner, RENOVA, Inc. a Japanese renewable energy developer.\u00a0<\/span><\/p>\nThe project is expected to generate an average of 422 gigawatt-hours of electricity and avoid an average of 162,430\u00a0tons\u00a0of CO2 emissions annually \u2013\u00a0helping to diversify\u00a0Viet Nam\u2019s energy mix and\u00a0supporting its efforts to meet climate action goals.<\/span><\/p>\n<div class=\"bg-gray mt-3 mb-2 p-1p5 text-smaller\">\n<h3 style=\"text-align: justify;\">Transcript<\/span><\/h3>\nThis wind turbine is one of many built in the central highlands of Viet Nam as the country embraces clean energy.<\/span><\/p>\nIt is part of the three wind farms recently developed in the mountainous province of Quang Tri.<\/span><\/p>\nLien Lap, Phong Huy, Phong Nguyen – or collectively known as the Lotus Wind Farm.<\/span><\/p>\nOne of the largest wind power projects financed in Viet Nam and one of the first to attract international lenders.<\/span><\/p>\nIts construction and operation are supported through a $173 million green loan project financing package arranged and syndicated by ADB.<\/span><\/p>\nThis is a milestone project for PC1 Group Joint Stock Company, one of Viet Nam\u2019s largest renewable power plant developers.<\/span><\/p>\nTrinh Van Tuan, Chairman of the Board, PC1 Group Joint Stock Company (PC1 Group):<\/strong><\/span><\/p>\nThis investment decision is a part of PC1 Group\u2019s long-term investment plan for green, renewable energy for\u00a0 2021-2030.<\/em><\/span><\/p>\nI believe that the project will not only be an economic success, but also contribute to the environmental and social success. This is one of the directions that PC1 Group is following. We are determined to invest in a green project which will generate clean energy and bring a stable cash flow to the investors and PC1 Group, and also contribute to the roadmap of Viet Nam and other countries for investment in green projects.<\/em><\/span><\/p>\nIt formed a unique partnership with RENOVA, Inc. a Japanese renewable energy developer.<\/span><\/p>\nYosuke Kiminami, Founding CEO of Renova:<\/strong><\/span><\/p>\nThis project was the first large-scale overseas project for us. In that sense, I think it was the important first step in our overseas business expansion. As we seek to expand our business into the Asian region, I was truly pleased that we were able to start with this project.<\/em><\/span><\/p>\nBy combining capabilities of local companies and our company from Japan, I hope we can eventually accomplish more projects. If more and more projects are developed in this way across Asia, they will be improved through friendly competition, and project development capabilities of Asia will be enhanced as a whole. I think this is probably the key to real success in the region\u2019s decarbonization.<\/em><\/span><\/p>\nInstallation of the wind turbines was completed in October 2021.<\/span><\/p>\nThe three wind farms are expected to generate an average of 422 gigawatt-hours of electricity annually.<\/span><\/p>\nThis will increase Viet Nam\u2019s wind power capacity by 30%.<\/span><\/p>\nJackie Surtani,\u00a0ADB Private Sector Operations Department Infrastructure Finance Division Director for East Asia, Southeast Asia, and the Pacific:<\/strong><\/span><\/p>\nThis is ADB\u2019s first financing of a wind power project in Viet Nam, and is certified\u00a0by the Climate Bonds Initiative. It will add to ADB\u2019s extensive experience in large-scale renewable energy projects in Viet Nam, and underlines our commitment to helping the country map a clean energy future. This is a milestone project which demonstrates how private financing can be effectively mobilized to develop wind power projects in Asia and the Pacific.<\/em><\/span><\/p>\nLarge financing amounts and strong collaboration are needed to develop power infrastructure like the Lotus wind farms.<\/span><\/p>\nIn Viet Nam, and many other developing economies of Asia and the Pacific, most investments in power sector has been made by the public sector.<\/span><\/p>\nBut it can\u2019t meet the total cost. So private sector engagement is essential to fill the financing gap.<\/span><\/p>\nAs Asia and the Pacific\u2019s climate bank, ADB will continue to drive the case for clean energy.<\/span><\/p>\nADB will continue to encourage lenders, development partners, and the private sector to promote renewable energy solutions to fuel the region\u2019s green growth.<\/span><\/p>\nSource: ADB (www.adb.org)<\/span><\/p>\nSee more:<\/p>\n<ul>\n<li><a href=\"https:\/\/pc1epc.vn\/en\/digital-energy-solutions\">Digital energy solutions provided by PC1 group<\/span><\/a><\/li>\n<li><a href=\"https:\/\/pc1epc.vn\/en\/renewable-energy-solutions\/\">Renewable energy solutions for the 4.0 era<\/span><\/a><\/li>\n<li><a href=\"https:\/\/pc1epc.vn\/en\/energy-storage-solutions\/\">Energy storage solutions provided by PC1 Group<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 776px; top: 29px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Electricity demand in Viet Nam is\u00a0expected\u00a0to grow at 8% annually through\u00a0to\u00a02030. Meeting this demand\u00a0will\u00a0require increasing\u00a0power\u00a0generation capacity and\u00a0developing\u00a0more renewable\u00a0sources of energy.\u00a0Building the infrastructure to generate and transmit the extra energy capacity will require significant amounts of financing and strong collaboration.\u00a0\u00a0 ADB arranged and syndicated\u00a0a\u00a0$173 million green loan\u00a0to finance\u00a0the Lotus Wind Project. It is a milestone project<\/p>\n","protected":false},"author":14,"featured_media":7096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[557,529],"tags":[],"table_tags":[],"yst_prominent_words":[],"class_list":["post-7095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internal-news","category-news"],"_links":{"self":[{"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/posts\/7095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/comments?post=7095"}],"version-history":[{"count":2,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/posts\/7095\/revisions"}],"predecessor-version":[{"id":7983,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/posts\/7095\/revisions\/7983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/media\/7096"}],"wp:attachment":[{"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/media?parent=7095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/categories?post=7095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/tags?post=7095"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/table_tags?post=7095"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/pc1epc.vn\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=7095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}