BCG Energy enters into a wind power development agreement with Siemens Gamesa

BCG Energy and Siemens Gamesa Renewable Energy officials exchanged an agreement they signed in the presence of Vietnamese Prime Minister Pham Minh Chinh

The contract is worth around $400 million. Under the MoU, Siemens will supply equipment and technical solutions to BCG Energy for the latter to accelerate implementation of its roadmap to develop more than 500MW of wind power in Vietnam in the next few years.

According to Siemens Gamesa Renewable Energy, Vietnam is now the leader in Southeast Asia in renewable energy development and has favourable climatic conditions to develop wind power.

BCG Energy, one of the pioneers in Vietnam’s renewable energy industry, has a diverse portfolio of renewable energy projects, including solar farms, rooftop solar and wind energy, and targets a capacity of 1.5GW of renewable energy by 2023.

At a meeting and working session between Prime Minister Pham Minh Chinh and business executives on the sidelines of COP26, representatives of BCG Energy and Siemens Gamesa Renewable Energy proposed bringing the wind power supply chain to Vietnam to improve generating capacity.

They also pledged to actively work with relevant stakeholders to promote growth in Vietnam’s wind power industry and help the country realise its goals of green transformation and sustainable development.

Prime Minister Pham Minh Chinh at a meeting with BCG Energy and Siemens Gamesa Renewable Energy executives on the sidelines of COP26 in the UK on October 31

BCG Energy, the holding company for renewable energy assets under Bamboo Capital JSC, is among enterprises whose executives are accompanying PM Chinh and his high-ranking delegation to COP26.

Meanwhile, Siemens Gamesa Renewable Energy, an affiliate of Germany’s Siemens AG, is a leader in the renewable energy industry and offers the world's best offshore and onshore wind turbines and services. In Vietnam, it supplies equipment and technical solutions for 14 wind power projects with a total capacity of 1.17GW.

BCG Energy also plans to work with other large European firms to discuss cooperation in the fields of supporting industries and renewable energy technologies.