JICA supports Vietnam in renewable energy development

November 11, 2021 | 10:26
Wind power projects in Quang Tri province, which the Japan International Cooperation Agency (JICA) jointly provided funding for, have started commercial operation ahead of the October 31 deadline.
JICA supports Vietnam in renewable energy development

According to the announcement by the Electricity of Vietnam (EVN) on November 3, 69 wind power plants (out of 106 plants) with a total capacity of 3,298.95MW, including three on-shore wind power projects in Quang Tri (Lien Lap, Phong Huy, Phong Nguyen) with a total capacity of 144MW, invested by Power Construction JSC No.1 of Vietnam and RENOVA Inc. of Japan, have been officially recognised for commercial operation (COD) since October 2021, and are eligible for the feed-in tariff according to the regulations of the government of Vietnam.

JICA signed a facility agreement on May 21, 2021 to provide up to $25 million for the construction of these projects together with other co-sponsors namely the Asian Development Bank (ADB) and the Australian Export Finance (EFA).

This project is JICA’s first funding for wind power generation in Vietnam and is expected to serve as a model for private sector wind power generation projects in the renewable energy sector in Vietnam, including those by Japanese and local companies.

JICA will continue to work with the private sector and international financial institutions to achieve the Sustainable Development Goals (SDGs) and support Vietnam to achieve the updated Nationally Determined Contribution (NDC) targets of greenhouse gas (GHG) emission control which is highlighted by the Vietnamese leader during the on-going COP 26.

By JICA

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