Ayala-led ACEN Corporation is fast tracking the completion of its 60-megawatt Lac Hoa and Hoa Dong wind farm project in Vietnam with targeted commercial operation in the first quarter of this year.
According to the Ayala firm, the project is its partnership with UPC Renewables “and will feature the tallest wind turbines” of that genre of renewable energy project development in Vietnam.
That project, which is sited in the Soc Trang area, will serve as addition to the 380 megawatts of wind power capacity of ACEN that have already been in operation and switched on in various project sites in Vietnam last year.
ACEN President and CEO Eric T. Francia said their company is “pleased with the rapid progress that we have seen in our Vietnam projects,” with him emphasizing that “powering three energy plants in 2021 was a significant accomplishment that we could not have achieved without the collaboration with our partners and strong support from the government of Vietnam.”
The three completed wind farm projects of ACEN in Vietnam last year included the 88MW Ninh Thuan facility in South Central Vietnam, which is its joint venture with the BIM Group; the 252MW Quang Binh wind plant in North Central Vietnam which is its tie-up with AMI Renewables; and the 40MW Mui Ne phase 2 wind farm installation in Binh Thuan province.
“In the race against time and climate change, ACEN remains committed to help Vietnam reduce its dependency on fossil fuel and fossil imports and forge a cleaner, more affordable and more dependable energy pathway,” the Ayala company stressed.
ACEN indicated its RE generation portfolio in Vietnam stands at 1,000 megawatts – inclusive of operating facilities as well as projects under construction that are on the sphere of wind and solar farm developments.
As noted by Patrice Clausse, head of ACEN’s international group, the company “will continue to actively participate in the green-led recovery and deliver on our net zero aspirations.”
He added the Ayala firm will “support Vietnam in its goal to increase its renewable capacity and eliminate the country’s greenhouse gas emissions at the soonest possible time.”
As emphasized by ACEN, “Vietnam, which is among the countries most vulnerable to climate change, requires reliable power to support its national progress. By increasing its renewable energy sources, Vietnam could very well achieve its economic goals at net zero emissions by 2050.”
Aside from the Philippines, Vietnam is one core market in the Southeast region where the Ayala group has been injecting massive capital for RE projects – and that is in line with its goal for capacity beefing up reaching 5,000 megawatts by year 2025.