Vietnam's BCG Energy inks USD-400m MoU with Siemens Gamesa

Siemens Gamesa wind turbine. Photo taken from Siemens' website (www.siemens.com).

November 1 (Renewables Now) - Vietnamese renewables company BCG Energy has signed a memorandum of understanding (MoU) with turbine maker Siemens Gamesa Renewable Energy SA (BME:SGRE) to secure wind farm equipment worth some USD 400 million (EUR 345.7m).

Under the MoU, which the parties signed on the sidelines of the United Nations Climate Change Summit COP26 in Glasgow, Siemens Gamesa is to supply equipment and technical solutions to BCG Energy to support its plans for wind development in Vietnam, said BCG Energy’s parent company Bamboo Capital Group.

The partnership with Siemens Gamesa will accelerate BCG Energy’s plans to develop more than 500 MW of wind power in Vietnam in the next few years, Bamboo Capital said.

“BCG Energy also plans to collaborate with other large European firms in the fields of supporting industries and renewable energy technologies,” the Ho Chi Minh City-based group added.

BCG Energy has solar farms, rooftop solar and wind energy projects in its portfolio. The company is targeting a capacity of 1.5 GW of renewable energy by 2023, according to the statement.

(USD 1.0 = EUR 0.864)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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