Denmark’s leading wind energy group Vestas and the Ho Chi MinhCity-based investment group Phu Cuong have teamed up in developing awind-power farm in the Mekong Delta province of Soc Trang.

Theysigned a memorandum of understanding to this effect on the sidelines of aseminar on wind power hosted by the Danish Embassy in Vietnam in Ho ChiMinh City on December 9.

Vestas will support Phu Cuong incapital, infrastructure construction and equipment and through theproject making and the construction and operation process of the436-million-USD farm, which has a total designed capacity of 170MW.

According to Nguyen Viet Cuong, President of Viet Cuong Group, theconstruction work on the farm’s first wind power plant with a capacityof 30 MW will begin in early 2016.

Once fully operational, thefarm is expected to supply about 485 GWh of electricity per year for thesouthern region, especially Mekong Delta localities, Cuong said.

Previously,Vestas poured capital into a wind power development project inCentral Binh Thuan province’s Phu Quy Island, which has a capacity of6MW.

At the seminar, experts from Vestas, the Export CreditAgency and the Investment Fund for Developing Countries of Denmarkinformed Vietnamese investors about financial and technical assistanceand design consultancies for wind power development in Vietnam.They also shared their experience in investment and management in thefield.-VNA