Siemens Gamesa is to supply seven turbines totalling 32MW for Tan Hoan Cau’s Number 5 Thanh Hai 1 nearshore wind farm in Vietnam.
The deal covers delivery of 4.5-145 machines, as well as operations and maintenance for 10 years.
Number 5 Thanh Hai 1 will be located between 2km and 5km off the coast of Ben Tre province, with commissioning expected in mid-2020.
Siemens Gamesa also has a conditional contract to supply seven more 4.5-145 turbines for the second phase of the project.
Siemens Gamesa onshore chief executive in APAC said: “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 optimize 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’s requirements and the challenges of the Vietnamese market and offer our customer the most bankable and competitive debt package available in the market.”
Tan Hoan Cau deputy chief executive Nguyen Trung Thanh said: “As a reputable employer in Vietnam, Tan Hoan Cau is experienced in wind power investment.
“This first ever cooperation with Siemens Gamesa across the value chain from turbine supply to operation and maintenance over 10 years will help optimise project economics and lay a good foundation for both companies to further explore the nearshore market in Vietnam and other markets, based on competitive wind equipment and efficient operations.
“We highly appreciate the reputation and experience of Siemens Gamesa in the wind market globally and Vietnam particularly. Thanh Hai 1&2 are just the first step of our cooperation towards the sustainable renewable energy target for Vietnam.”