On January 13-14, 2020, Vietnam Onshore and Offshore Wind Summit 2020 took place at Sheration Hotel in Hanoi, focusing on prospects, opportunities and challenges of the wind power industry in Vietnam, together with optimal solutions for sustainable energy development. Mr. Nguyen Quang Huan, President of Halcom Vietnam, attended as one of the key speakers in the summit.
At the conference, Mr. Nguyen Quang Huan shared key lessons learned to successfully develop and finance onshore wind project in Vietnam, from Halcom’s Phuong Mai 3 wind power project execution in Quy Nhon, Binh Dinh. These are practical experience sharing from project approval and permit, financing, to solving problems arising in the process of working and cooperating with domestic contractors and foreign turbin supplier, unavailability of component replacement, project management consultant issues, etc. These are considered practical and useful lessons for all participants including investors, domestic and international wind power project owners.
Mr. Nguyen Quang Huan, President of Halcom VN, shared key lessons learned to successfully develop and finance onshore wind project in Vietnam.
Renewable energy is currently the interest of many local and international investors. Phuong Mai 3 is the first project of Halcom Vietnam in this field with professional investment, consulted and constructed by international leading contractors. AIF Group (Laos) and Shizen Energy Group (Japan) are the two strategic partners of the project. The plant will supply over 70 millions kwh to the national electrical grid per year, reduce the emission of 50,000 tons of CO2 per year with the estimated annual revenue of 200 billion dongs. This will be the first wind farm operation in Binh Dinh province and among one of the largest capacity wind power projects nationwide. As planned, the plant will integrate into the national electrical grid in March, 2020.