October 15 (Renewables Now) - Thai project management and engineering firm Modern Energy Management Co Ltd (MEM) said today it is supporting an unnamed company in buying and developing a 21-MW wind project in Vietnam.
MEM did not disclose the name of its client, but noted that this project marks the confidential party’s entry into the Vietnamese market. MEM will take responsibility for the acquisition due diligence and also provide project development support.
“Vietnam has a modest feed-in tariff, which means developers must be extraordinarily skilled in site selection and the development process to be successful,” commented Aaron Daniels, managing director of MEM.
At present, Vietnam has 190 MW of installed wind power generating capacity and is targeting 6,000 MW by 2030. MEM’s portfolio of consulting renewable energy projects in Vietnam exceeds 1,300 MW, it said.