IFC lends $57m to two wind projects in Vietnam
Out-Law News | 02 Jun 2021 | 2:25 am |
The International Finance Corporation (IFC) is providing a $57 million loan to the developer of two onshore wind projects in Vietnam.
The financing package includes financing mobilised by the multi-investor Managed Co-Lending Portfolio Program (MCPP) which is managed by IFC s innovative syndications platform, said a statement.
The two plants are Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province with a combined capacity of 54.2 megawatts (MW). Once operational later this year, the two plants will generate 170m kilowatt hours of clean energy each year.
The International Finance Corporation (IFC) is funding the development and construction of two wind power projects in central Vietnam as the country transitions to cleaner low-carbon power generation to help meet the growing demand for electricity.
As Vietnam transitions to cleaner low-carbon power generation, the IFC is funding the development and construction of two wind projects in Central Vietnam.
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