Phu Cuong Wind Farm Project is a 1,400MW offshore wind power project. It is planned in South China Sea, Soc Trang, Vietnam. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2024. Buy the profile here.
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Description
The project is being developed and currently owned by Mainstream Renewable Power and Phu Cuong Group. The company's ownership stake in the project stands as 70% and 30% respectively.
The project is expected to supply enough clean energy to power 1,600,000 households, to offset 1,800,000t of carbon dioxide emissions (CO2) a year. The turbines will be mounted on fixed type foundations.
Development status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2024.
Power purchase agreement
The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement at the rate of $0.098kWh.
Contractors involved
Phu Cuong Wind Farm Project (Phu Cuong Wind Farm Project Phase IA) will be equipped with GE Renewable Energy turbines. The phase consists 29 turbines.
Phu Cuong Wind Farm Project (Phu Cuong Wind Farm Project Phase IB) will be equipped with GE Renewable Energy turbines.
For more details on Phu Cuong Wind Farm Project, buy the profile here.
About Mainstream Renewable Power
Mainstream Renewable Power Ltd (Mainstream) is the renewable energy developer. The company carries out the development, finance, construction, and operation of large-scale renewable energy plants. It also develops and builds onshore, and offshore wind and solar power plants. Mainstream sold its projects to global utilities such as EDF Group and Orsted, and infrastructure funds, pension funds, and global brands. It has partnership with governments, developers, communities and financers. The company operates through its offices across Ireland, Australia, Vietnam, the Philippines, Canada, Egypt, England, Scotland, Ghana, Senegal, the US, Chile and South Africa, among others. Mainstream is headquartered in Sandyford, Dublin, Ireland.
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This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
