25 Jul 2022 13:58

Rosatom planning to build 128 MW wind farm in Vietnam

MOSCOW. July 25 (Interfax) - State corporation Rosatom and Vietnam's An Xuan Energy have signed an agreement on cooperation in wind energy, under which they plan to build a 128 MW wind farm in Vietnam's Son La province, the Russian company said in its official Telegram channel.

"We have accumulated extensive experience as a developer of wind power projects in Russia and are ready to apply our competencies abroad. Rosatom is already implementing a number of projects in Vietnam in the field of energy and science, and now these areas of cooperation are expanding," Grigory Nazarov, CEO of NovaWind (Rosatom's wind energy division), was quoted as saying in the statement.

During Expo 2022 in early 2022, NovaWind Deputy CEO Yegor Grinkevich spoke about Rosatom's goal of creating a portfolio of foreign wind energy projects with a total capacity of up to 5 GW by 2030. Grinkevich cited Southeast Asia and Vietnam in particular as priority areas.

At the moment, NovaWind's portfolio of projects in Russia amounts to 1.7 GW.

NovaWind was created by Rosatom in September 2017 to consolidate its wind power assets, including VetroOGK and VetroOGK-2. In February 2018, a Gazprombank entity acquired 49.5% of VetroOGK; in early 2021, Gazprombank entered the capital of VetroOGK-2, acquiring a 49.5% stake.