- Press Releases
July 23 (Renewables Now) - German renewables developer Wpd AG on Friday announced that it has arrived in the Vietnamese market through a development deal to advance a 103.5-MW onshore wind project.
The company finalised an unspecified type of transaction to insert itself in the ongoing development of the Kon Plong project.
Wpd said that it will work with Levanta Renewables, its Singapore-based peer, which initiated the Kon Plong development and advanced it with support from its Vietnamese partners.
“The partnership with wpd will drive the next development stage for the Kon Plong project”, the German company said in a press release.
The Kon Plong site is located some 780 kilometres (484.7 miles) southeast from Hanoi in the province of Kon Tum.
The current planning puts the start of construction some time in 2022.
The project is included in Vietnam’s “Power Development Plan 7”, which puts it in the position to receive support from the central government for further development steps, according to Wpd.
As for its entry into the Vietnamese market, Wpd said it will “focus on project developments through cooperations for both onshore and offshore wind”.
“Our market entry in Vietnam is part of the expansion of our activities in the Asia-Pacific region. The Kon Plong project and the good cooperation with Levanta will allow us to further expand our pipeline,” commented Hans-Christoph Brumberg, Wpd's Head of Business Development APAC.