Vietnam breaks ground on $897mn wind power projects

The projects include the Phu Cuong 1A and 1B wind power complex and the wind power plant No. 4, officials said at the groundbreaking ceremony.

The Phu Cuong 1A and 1B cluster has a designed capacity of 200 megawatts and is being built in Lai Hoa Commune, Khanh Hoa Ward, and Vinh Phuoc Ward, carrying a price tag of about VND9.139 trillion ($347 million).

According to Nguyen Thi Mai Thanh, chairwoman of Refrigeration Electrical Engineering Corporation and chairwoman of REE Energy Co. Ltd., the wind power complex is expected to be completed in 2027.

She said the project is expected to contribute around VND200 billion ($7.6 million) annually to Can Tho’s budget starting in 2028.

During the event, the investor donated VND1 billion ($37,900) in scholarships to the city’s education fund.

Regarding the wind power plant No. 4 project, it has a capacity of 350 megawatts and will feature 56 turbines.

The plant, developed by Soc Trang 1 Energy Investment JSC, has a total investment of VND14.5 trillion ($550 million).

Officials said the projects are expected to support public investment disbursement, create new growth momentum for the Mekong Delta, and accelerate Vietnam’s transition toward cleaner energy sources.

Speaking at the ceremony, Truong Canh Tuyen, chairman of the Can Tho administration, described the projects as politically, economically, and socially significant, reflecting the city’s ambition for rapid and sustainable development.

Under Vietnam’s national power development plan for 2021-30 with a vision to 2050, Can Tho is expected to develop 56 power generation projects with a combined capacity of 9,154 megawatts by 2030.

The plan includes 30 wind power projects totaling around 2,785 megawatts.

Authorities said investment approval has so far been granted for 20 wind power projects with a total planned capacity of 1,428 megawatts.

Among them, nine wind farms have already commenced commercial operations with a combined capacity of 396 megawatts.

Three projects whose combined capacity is 142 megawatts are under construction, while eight projects totaling 890 megawatts are completing legal procedures before construction.

Another 10 projects with a total planned capacity of 1,357 megawatts are currently in the investor selection stage.