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Phu Lac 2 Wind Farm

Sector: Hydro • Location: Vietnam

Source: World Bank Group

Project
Active

The project entails the development of the 25.2MW second phase of the Phu Lac wind plant in Vietnam. The total investment is $ 42 million. Shareholders to the project company are REE Energy, a subsidiary of Refrigeration Electrical Engineering – 50%, Da Nhim-Ham Thuan-Da Mi Hydro – 20%, Thac Mo Hydro – 20%, Power Engineering Consulting 3 – 10%. Thuan Binh Wind Power (TBW) is the SPV formed for exe

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The project “Phu Lac 2 Wind Farm” is an infrastructure initiative in the Hydro sector, located in Vietnam. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the development of the 25.2MW second phase of the Phu Lac wind plant in Vietnam. The total investment is $ 42 million. Shareholders to the project company are REE Energy, a subsidiary of Refrigeration Electrical Engineering – 50%, Da Nhim-Ham Thuan-Da Mi Hydro – 20%, Thac Mo Hydro – 20%, Power Engineering Consulting 3 – 10%. Thuan Binh Wind Power (TBW) is the SPV formed for execution of the project. The total amount of equity is $13.50 million. Debt provider is the International finance corporation, with $ 20 million granted to the sponsor of the project for the development of Phu Lac 2 and Loi Hai 2 projects. Debt to equity ratio is 67:33. Financial close took place on June 29, 2021. https://ijglobal.com/data/transaction/52921/phu-lac-2-wind-farm-252mw

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