Philippines based AC Energy, a subsidiary of Ayala Group, along with its Singapore based partner- The Blue Circle, have reportedly signed an agreement with American multinational conglomerate GE to deliver turbines for the second phase of Mui Ne wind power project in Vietnam, for a capacity of 40 MW.
In a statement by Ayala Group, the agreement signed with GE allows the American company to deliver its new Cypress wind turbines for the Vietnamese wind power farm. Apparently, the Cypress turbines developed by GE are the biggest per installation that any new wind farm development could be furnished with, especially those on onshore platforms.
For the record, the Mui Ne wind farm project is likely to cost US$80 million, which is being met through a combination of equity and debt financing. The project is likely to be completed by the end of 2021 and will qualify for the 8.5 US cents tariff incentive being provided by the Vietnamese government for the installation of the wind farm.
The Binh Thuan project has been specifically structured to adopt eight Cypress turbines of 5MW each, reaching an installation capacity of 40MW.
In a recent statement by GE, the newly developed technology will encompass the largest rotor diameter for an onshore project in Asia at 158 meters. Additionally, blades will be transported in two pieces for the first time before assembly.
According to Hervé Grillot, Chief Construction Officer at Blue Circle, the technology will be extremely beneficial for sites that are onshore as it may provide support to larger machines. Moreover, the technology will also help in lowering the total cost of power and will also strengthen the offerings of wind power, he further added.
Patrice Clausse, COO, AC Energy International, was reportedly quoted stating that the latest addition to the Mui Ne Project will support the company’s goal of reaching 5 GW of renewables capacity in the Philippines and other parts of the world by the end of 2025.