Industry

Ayala Subsidiary to Build Vietnam’s Biggest Wind Farm

The company continues to invest in renewable energy.
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AC Energy Inc., a subsidiary of Ayala Corporation, is building a 210 -megawatt wind farm in Vietnam, which will reportedly be the biggest in that country. 

The energy company said the wind farm it is planning to build in Quang Binh province through AMI AC Renewables, its platform company with partner AMI Renewables Energy Joint Stock Co., will raise its overall renewables capacity to 1,200 megawatts, according to a report in BusinessWorld.

The first stage of construction will deliver a capacity of 109.2 MW, while the second phase will bring 100.8-MW capacity, the report added.

AC Energy has long announced plans to go into wind energy development in Vietnam. The company first announced its partnership with AMI Renewables in 2017. It was AC Energy’s second in Vietnam after it partnered with BIM Group of Vietnam to develop 330 MW of solar power in the country.

In May 2019, it signed a shareholders’ agreement with Vietnamese partner The Blue Circle Pte. Ltd. to joint construct, own and operate the 40-megawatt Mui Ne wind farm at the Binh Thuan province in the country’s southeastern coast. The Blue Circle is considered a pioneer in renewable energy in Vietnam, having developed and constructed one of its first wind farms. 

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In June this year, AC Energy also announced two more wind energy projects in Vietnam with a total capacity of 60 megawatts with Hong Kong-based UPC Renewables Group. The project is expected to feature the coutry’s wind turbines with a height of 162 meters each and will be built in Vietnam’s Soc Trang Province.

According to Businessworld, AC Energy aims to reach a renewable energy capacity of over 5 gigawatts (GW) in the next five years. As of 2019, it posted an attributable capacity of more than 1.8 GW from both operational and under-construction projects in the Philippines, Indonesia, and Vietnam.

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Paul John Caña
Associate Editor, Esquire Philippines
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