A screenshot of The Blue Circle's website.
Singapore-based The Blue Circle, a wind energy provider in Southeast Asia, has announced it has received permission from Vietnam’s southern central province of Ninh Thuan
to develop a 40 megawatt (MW) Dam Nai project.
The firm, along with its Vietnamese partner TSV, will sign a long term lease, as well as Power Purchase Agreement with Electricity of Vietnam (EVN), the national power utility.
Local authorities granted a site of 933 hectares 16 month ago where the Singaporean firm built a 100-meter meteorological mast in May last year to measure wind velocity. The site has a potential for a total capacity of 70 to 100 MW.
“This approval for 40 MW is only the first phase of the total project. With the grid connection on site, as well as very good wind speeds, the Dam Nai project has all the attributes to succeed even in a low Feed-In-Tariff environment,” said Olivier Duguet, CEO of The Blue Circle.
Construction is scheduled to start in 2017 for the first phase, which is expected to cost $60 million.
In accordance with the Paris Climate Conference signature, the Vietnamese government has set a new target of 4,000 MW for wind power capacity by 2025 which positions the country as potentially the largest market for wind power in Southeast Asia.