Documents Awareness - Knowledge
logo
ENVIRONMENTAL NEWS

ADB provides US$116 million loan to develop wind farms in Vietnam

31 May 2021 | 09:11:00 AM

The Asian Development Bank (ADB) has signed a US$116 million green loan with three Vietnamese power companies with the aim to build and operate three 48MW wind farms, totalling 144 MW, in the central province of Quang Tri.



A wind farm in Vietnam (Photo: VNA)

The three borrowers include Lien Lap Wind Power Joint Stock Company, Phong Huy Wind Power Joint Stock Company and Phong Nguyen Wind Power Joint Stock Company, which are owned by Power Construction Joint Stock Company No.1 (PCC1) and RENOVA, Inc.

The loan is the ADB’s first time financing a wind power project in Vietnam.

The project is expected to increase Vietnam’s wind power capacity by 30%, helping the country meet its rapidly growing demand for energy.

According to the ADB, the three wind farms will generate an average of 422 gigawatt-hours of electricity and avoid an average of 162,430 tonnes of carbon dioxide emissions annually.

The project also includes a gender action plan aiming to provide women in the local community with access to training on wind power operation and management.

PCC1 is one of the largest power developers in Vietnam, specialising in the construction of power transmission networks and substations, while RENOVA is a Japanese renewable energy developer and operator.

Source: Nhan Dan Online

Views: 1433

Other news

Three bears handed over to Bach Ma National Park Rescue Centre

(08/04/2025 06:39:AM )

Quang Nam offers enticing discounts to boost tourism

(06/04/2025 07:03:AM )

Stray rhesus macaque released into Bai Tu Long National Park

(01/04/2025 07:23:AM )

Vietnam saves 448,000kWh of electricity during Earth Hour 2025

(26/03/2025 07:12:AM )

Hanoi tops global air pollution rankings

(24/03/2025 06:24:AM )

Ten rare white pheasants released into Cuc Phuong National Park

(23/03/2025 08:02:AM )

The book "Resource efficiency and cleaner production with sustainable industrial development" has been launched for readers

(22/03/2025 07:16:AM )

Hue clears massive oil slick.

(13/03/2025 06:46:AM )

Work begins on VND3.5 trillion waste-to-energy project in HCM City

(10/03/2025 07:00:AM )

VIDEO

Environmental Sustainability - we have choices

See more

ENVIRONMENT BRAND

UPCOMING EVENTS
The first Green Cypress to be recognized...

(VACNE) – These are 2 green cypress trees more than 300 years old...

See more
Some pictures of the ceremony to recognize...

(VACNE) – N(VACNE) – Authorities, mass...

See more
ADB finances climate resilience infrastructure...

The Asian Development Bank (ADB) has approved a $60 million financing...

See more
US support Vietnam strengthen wildlife protection

The US Agency for International Development (USAID) and the Ministry of Agriculture and...

See more
PHOTO GALLERY