Phu Yen wind farm receives investment go-ahead

2 February 2018

A project to build a 300 MW wind farm, to be named HBRE-Phu Yen Wind Power Plant has received investment clearance and will be constructed in Tuy An district, Phú Yên Province, in the south of  Vietnam. Total investment by the HBRE Phu Yen Company will be over VND9 trillion ($396.5 million).
HBRE Group has conducted research for over a year and constructed several wind stations to measure wind perfomance related to the feasibility of the project. The site has an average wind speed of 7-8 metre per second, which gives it huge potential for generating electricity.
The wind farm will consist of 100 wind turbines, are expected to be imported from the US and Europe, at a cost of 60-70 % of the total investment. Construction works are likely to start in late 2018.
HBRE Group is an experience investor in wind power in Vietnam. The group has invested in phase 1 of the construction and operation of the wind farm in Ea H’Leo district in the Central Highlands province of Daklak. This project has a total capacity of 28MW, total investment of VND1.4 trillion ($62 million), and is expected to come into operation in the middle of 2018.
In addition, the group has received approval from the Gia Lai People’s Committee to conduct research on feasible investment into a wind farm project with the total capacity of 80 MW in Gia Lai. In the central province of Ha Tinh, HBRE Group is analysing investment opportunities for a 120MW wind farm project.
According to the Global Wind Atlas produced by TrueWind Solutions in 2001, Vietnam had the biggest potential for wind power in the southeast Asia area of Vietnam, Laos, Cambodia, and Thailand. The Central Highlands and the Central Coast of Vietnam have been found to have highly suitable wind speeds for such projects.

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