Siemens Gamesa Bags Order for its First Nearshore Project in Vietnam

Siemens Gamesa has secured an order to supply seven SG 4.5-145 for Thanh Hai 1 wind farm, its first nearshore project in Vietnam

Siemens Gamesa Renewable Energy (SGRE) has secured an order to supply seven SG 4.5-145 for No. 5 Thanh Hai 1 wind farm, its first nearshore project in Vietnam located between 2 km and 5 km off the coast.

The order marks the debut of the company’s 4.5 series turbine model in the country and is the first agreement with Tan Hoan Cau JSC, a leading independent power provider in Vietnam specialising in hydro and wind power.

Conditionally, Siemens Gamesa will supply seven more SG 4.5-145 for the second phase of the project. The 60MW No. 5 Thanh Hai1&2 wind farms will be located in Thanh Hai commune, Ben Tre province.

Commissioning of the No. 5 Thanh Hai 1 wind farm, with an installed capacity of 32 MW, is expected for mid-2020 and the project will help to meet the country’s fast-growing energy demand. SGRE will also provide 10 years of comprehensive operation and maintenance for the project. The Vietnamese government has established a target of 800 MW of wind power installations by 2020, a large part of which will be in nearshore projects.

Richard Paul Luijendijk, Siemens Gamesa Onshore CEO in APAC said that the firm has leveraged its expertise in the industry to optimise its onshore turbines for this project. And that the firm has been working on providing the best debt package to its customers.

“As the industry leader in offshore wind, Siemens Gamesa can leverage our unmatched experience and know-how in the industry to adapt our onshore turbines to meet this project’s requirements and optimise project economics for the customer. We are coordinating the discussions with the financing parties, which includes at this stage the Danish Export Credit Agency, an international bank and one of Vietnam’s largest banks. For two years we have been working on a tailored financing solution to address Tan Hoan Cau JSC’s requirements and the challenges of the Vietnamese market and offer our customer the most bankable and competitive debt package available in the market”, he said.

In addition to Vietnam, the wind major’s footprint in APAC extends to China, Japan, South Korea, Indonesia, etc. where it has already installed more than 7.6 GW of onshore turbines. In the offshore segment, the company has developed strongly in this region following the signing of orders to supply 1.5 GW in Taiwan and preferred supplier agreements for an additional 831 MW in Japan and Taiwan.