PRESS RELEASE – Siemens Gamesa has been awarded a new wind turbine deal for the Hoa Thang 1.2 wind farm in Taiwan. The manufacturer will supply 25 units of its SG 4.5-145 turbines providing 240,000 households with electricity.
This deal marks Siemens Gamesa’s largest order in Vietnam to date and includes a long-term 10-year operation and maintenance service contract.
The project, located in the Bac Binh district on the South-Central coast of Vietnam, is developed by Hoa Thang Energy Joint Stock Company, a special-purpose vehicle of Vietnam’s construction group Trading Construction Works Organization (WTO).
Vietnam’s economy
Vietnam’s fast-growing economy has recently seen electricity demand rise by around 10% annually. The Vietnamese government estimates that total power generating capacity will reach 125-130 GW by 2030, up from 46 GW in 2018. In order to mitigate climate concerns, the government also aims for renewable energy to account for 15-20% of its total energy output by 2030 and has established a target of developing 6 GW of wind power capacity by 2030.
“With an accumulated installation of 101 GW, Siemens Gamesa can leverage its global expertise and footprint to partner with Hoa Thang Energy to develop one of the largest wind farms in Vietnam. We are committed to supporting our Vietnamese customers to accelerate the penetration of renewable energy and bring clean power for generations to come,” said Richard Paul Luijendijk, CEO of Siemens Gamesa’s Onshore business unit in APAC.
“We selected Siemens Gamesa as the most appropriate supplier for our first wind farm project. This first-ever cooperation between the two companies will lay a good foundation for us to further explore the wind market in Vietnam,” said Nguyen Thanh Oai, CEO of Trading Construction Works Organization.
Siemens Gamesa has been expanding in the Asia Pacific markets since the 1980s and has installed more than 8.4 GW of onshore turbines in China, Pakistan, Japan, South Korea, Indonesia, the Philippines, Thailand, Australia, and New Zealand.
