AC Energy and AMI Renewables to develop 80MW solar farm in Vietnam

The projects are expected to cost $83m.

The Philippines’ AC Energy, in partnership with AMI Renewables Energy Joint Stock Co., inked an engineering, procurement, and construction (EPC) and financing documents for the development of solar plants in Vietnam.

According to an announcement, the joint venture announced its plans to build solar farms totalling 80MW in the provinces of Khanh Hoa and Dak Lak, to be commissioned in time for the June 2019 solar feed-in tariff deadline.

The projects are estimated to cost $83m, financed with debt and equity. AC Energy will participate with at least 50% economic share.

Indovina Bank of Vietnam and RCBC of the Philippines will provide non-recourse financing for the Dak Lak and Khanh Hoa projects respectively.

AC Energy formed a platform company with AMI Renewables last year to build renewable energy plants in Vietnam, including the 352MW Quang Binh wind project.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit