The local authorities recently granted an investment certificate for Mui Dinh wind power factory project invested by Ven-Wind New Energy GmbH Company.

Truong Xuan Vy, director of economic development office of Ninh Thuan said that Ven-Wind New Energy GmbH Company will pump more than $73 million in constructing the project in Thuan Nam district.

“The project would be kicked off in 2013’s November and the construction will last within one year,” said Vy.

According to its design, Mui Dinh wind power factory project, which is planned to cover a total scale of 200 hectares, will have a designed capacity of 30 megawatts.

Vy, however, added that at present, the $73 million project is meeting an obstacle due to a part of this project area concurs with a part of other project area. Now, the local authorities are looking for the best solution to untie for developers.

Ninh Thuan has granted investment certificates for seven wind power projects, with three foreign-invested ones. However, none is under construction.

Located in a subtropical zone with a long coastline, Vietnam is said to have great advantages for developing wind power.

According to a World Bank survey, under the Asia Sustainable and Alternative Energy programme, 8.6 per cent of Vietnam’s soil is considered having potential for wind power development, totaling 513,360 megawatts.

The wind energy industry was set to off in Vietnam with 42 wind projects in the pipeline, said the Ministry of Industry and Trade’s figure in 2011.

According to the MoIT, foreign investors participated in 12 of these 42 wind projects. They come from Germany, Canada, Switzerland and Argentina such as Belgium’s Enfinity, German Donier Aircraft Leasing Limited, Swiss Aero.Plus Company, Norway’s SN power and German Fuhrlaender AG.

By Nguyen Chung - Vietnam Investment Review - December 15, 2012