Climate Investor One (CIO) and ST International have chosen Modern Energy Management (MEM) as the owner’s representative for the Tra Vinh Wind Power (TWPC), a 48 MW intertidal wind farm in Vietnam. CIO has been working on this project since 2017. It is a hybrid finance institution that delivers renewable energy infrastructure projects in emerging economies.
TWPC is their first venture into the Vietnamese market. MEM’s responsibilities were overall project management for the development of the intertidal wind farm, technical and design support, and administration of the EPC tender, which included technical support during contract negotiations. On behalf of the owners, it will now complete the project construction and begin commercial operations.
TWPC and other tidal wind projects are technically challenging and pose distinct hazards. TWPC is on track to start commercial operations before November 1, 2021, making it one of the earliest intertidal wind projects in Vietnam to do so under the current FiT programme. Between 2020 and 2030, Vietnam’s power consumption is anticipated to quadruple.