Lotus Wind PowerQuang Tri, Vietnam
|Asset Classes||Private debt|
|Impact strategy||Energy and Climate|
|Tonnes of CO₂ emissions avoided||162,430 tons|
|Capacity (in MW)||144|
|Amount of clean electricity produced (in MWh)||422,000|
|Aligned with SDGs|
As one of the fastest-growing economies in Southeast Asia, Vietnam is pursuing a shift from a coal dominant economy to one based on renewable energy sources. Expanding renewable energy capacity will help Vietnam rely less on coal, reduce carbon emissions, and increase electricity capacity to meet the country’s growing electricity needs. Triodos Groenfonds co-finances the construction and operation of the largest wind power project in Vietnam.
With an installed power capacity of 144 MW, the Lotus Wind Power Project is the largest of its kind in Vietnam, consisting of three separate 48 MW farms, each with 12 Vestas wind turbines. Construction of the farms started in 2020 and operations commenced in November 2021. The project will increase Vietnam’s wind power capacity by 30%. The total project will generate an average of 422 gigawatt-hours of electricity and avoid an average of 162,430 tons of CO2 emissions annually. Furthermore, a gender action plan under the project will provide women from the local community with access to training on wind power operation and management.