EAB New Energy GmbH ("EAB"), a German
privately held SME with business activities around the world (Asia,
Latin America, South Africa), engaged Duane Morris Vietnam LLC to
advise on one of the very first privately financed Wind Energy
Power Purchase Agreements for a wind power project in Vietnam
– the "Mui Dinh" wind project (SPV el-wind Mui Dinh
LLC) with a total investment value at final stage of about 60
EAB, in close co-operation with its subsidiary in Vietnam
– WPV Wind Power Vietnam LLC, has received the Construction
Permit for the wind power plant in Ninh Thuan province and will
start the wind farm construction works in due course. Duane Morris
Vietnam LLC advised EAB in the negotiation of the Wind Power
Purchase Agreement with the Electricity of Vietnam
("EVN") to connect into to the national
electricity and sell electricity to EVN (the "Project").
The Wind Power Purchase Agreement was signed on 01 February 2016.
This is one of the first signed Wind Power PPA in Vietnam and EAB
is one of the first foreign companies with this success.
Given the fact that Vietnam's wind energy potential is
highly appreciated by investors in comparison to its ASEAN
neighbours, and very good for building large wind power plants, the
success of this Project is considered to pave the way for
development of another 40 wind power development in Vietnam,
roughly 513,360 megawatts.
This is the beginning of a sizeable privately financed wind
energy sector in Vietnam.
Disclaimer:This Alert has been
prepared and published for informational purposes only and is not
offered, nor should be construed, as legal advice. For more
information, please see the firm's
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