LONDON — BCG Energy and Siemens Gamesa Renewable Energy signed a memorandum of understanding for providing equipment and technical solutions for wind power development in Việt Nam on the sidelines of the 26th United Nations Climate Change Conference of the Parties on October 31 in the presence of Prime Minister Phạm Minh Chính.
BCG Energy and Siemens Gamesa Renewable Energy officials exchange an agreement they signed in the presence of Prime Minister Phạm Minh Chính. — Photo courtesy of BCG Energy
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.
Under the MoU, Siemens will supply equipment and technical solutions to BCG Energy for the latter to accelerate the implementation of its roadmap to develop more than 500MW of wind power in Việt Nam in the next few years.
The contract is worth around US$400 million.
According to Siemens Gamesa Renewable Energy, Việt Nam 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 Việt Nam’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.
Prime Minister Phạm Minh Chính at a meeting with BCG Energy and Siemens Gamesa Renewable Energy executives on the sidelines of COP26 in the UK on October 31. — Photo courtesy of BCG Energy
At a meeting and working session between the Prime Minister 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 Việt Nam to improve generating capacity.
They also pledged to actively work with relevant stakeholders to promote growth in Việt Nam’s wind power industry and help the country realise its goals of green transformation and sustainable development.
BCG Energy, the holding company for renewable energy assets under Bamboo Capital JSC, is among enterprises whose executives are accompanying Chính and his high-ranking delegation to COP26.
One of the world’s leading wind power solution providers and with over 40 years in the renewable energy industry, Siemens Gamesa Renewable Energy brings engineering excellence to install and service thousands of turbines that generate over 100GW of wind power all over the world, or enough clean energy to power nearly 87 million households annually.
In Việt Nam, it supplies equipment and technical solutions for 14 wind power projects with a total capacity of 1.17GW.
BCG Energy also plans to collaborate with other large European firms in the fields of supporting industries and renewable energy technologies.