ACEN Corp. and AMI Renewables of Vietnam have started the commercial operations of a 252-megawatt (MW) wind farm in Quang Binh, Vietnam, the Ayala group’s listed energy platform said on Thursday.
“The 252-MW Quang Binh wind farm plays a critical role in helping Vietnam achieve its renewable energy target, and is a testament to our ability to execute large scale developments amidst challenging times,” said Patrice R. Clausse, head of the international group of ACEN, formerly AC Energy Corp.
ACEN and AMI’s wind farm is said to be one of the largest in Vietnam, with its wind turbines standing at 145 meters in hub height, “which allows the optimization of wind energy production.”
ACEN said it expects the wind farm to produce about 648 gigawatt hours of electricity annually, which is enough to power 270,000 homes and will help reduce carbon dioxide emissions by 580,000 tons annually.
The wind farm project “marks another important step towards AMI AC Renewables’ 1,000-MW renewables capacity target by 2025,” said AMI AC Renewables Board Director and Chief Executive Officer Nguyen Nam Thang.
The project costs about VND8.11 trillion (P18.03 billion) as per the investment registration certificates of ACEN and AMI.
The wind farm is ACEN and AMI’s third renewable energy farm in Vietnam, the first two being the 50-MW and 30-MW solar farms in Khanh Hoa and Dak Lak, respectively, which started operating in 2019.
The two companies also plan to put up a battery energy storage system in Khanh Hoa.
ACEN currently has a total of 2,900 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia, and has about 80% of renewable shares of capacity.
It is also one of the energy companies that committed to achieve net-zero greenhouse gas emissions by 2050.
ACEN has about 2,900 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India and Australia. Of that capacity, the share of renewables is at around 80%, which it claims to be among the biggest in the region.
The company aspires to be the largest renewables platform in Southeast Asia as it aspires to reach a renewable energy capacity of 5,000 MW by 2025. It is also committed to achieve net-zero greenhouse gas emissions by 2050.
ACEN’s shares on Thursday rose by 0.33% or four centavos to close at P12.04 each at the stock exchange. — Bianca Angelica D. Añago