Vestas Bags 48 MW EPC Intertidal Contract from REE Corporation in Vietnam

Danish wind turbine major Vestas has secured its second full Engineering Procurement Construction (EPC) contract in Vietnam with a 48 MW Tra Vinh V1-3 project from Vietnamese publicly listed company REE Corporation.

As per the deal, the onshore wind major will provide a full turnkey solution with delivery, installation and commissioning of 12 x V150-4.2 MW wind turbines, that will be delivered in 4.0 MW operating mode, as well as the project’s civil and electrical work.

Commenting on the project win, Clive Turton, President of Vestas Asia Pacific, said that “we are thrilled to secure our second EPC intertidal project in Vietnam which showcases the trust that our customers have in our capabilities across the full range of projects including intertidal which are located in complex and challenging environments.”

By thanking REE Corporation, Turton said: “I would like to thank REE Corporation for choosing us to deliver end-to-end reliability for their wind project.”

Moreover, this contract also includes a 20-year active output management 5000 (AOM 5000) service agreement, which is designed to maximise energy production for the site.

The company said that it will provide its customer with long-term business case certainty with a yield-based availability guarantee.

“We are excited to partner with Vestas in their role as the EPC contractor for the Tra Vinh V1-3 project, and we look forward to the successful implementation of our first nearshore wind farm project with Vestas,” said Mdm. Nguyen Thi Mai Thanh, CEO of REE Corporation.

Besides, the company has entered into a 20-year long term service agreement for the sixth time in Vietnam.

Meanwhile, construction of the project is expected to be completed during the fourth quarter of 2021, ahead of the current wind feed-in tariff deadline in Vietnam.

Recently, the company has also secured an additional 35 MW auction win in Poland for 16 x V110-2.0 MW turbines deployed in 2.2 MW power optimised mode with 120m towers in combination with a 25-years active output management 5000 (AOM 5000) service agreement.