Thai energy giant BCPG Public Company has announced plans to develop ASEAN’s largest wind farm in Laos, capitalizing on rising demand for energy in the region.
The firm has announced that it will invest USD 840 million to build the facility, with a capacity of 600 megawatts, on 64,000 hectares in southern Laos.
The wind farm, located near the Mekong River across from Ubon Ratchathani, is expected to generate electricity for sale to Vietnam’s state-run Electricity Vietnam (EVN).
While feasibility studies identified sufficient winds in the area as early as 2015, the return on investment remained an obstacle until recently.
According to a report by Bangkok Post, president and chief executive Bundit Sapianchai said his company plans to sign a power purchase agreement with EVN this October to kick start the project, named “Swan”.
After signing, construction of the project will commence, and it is expected to be operational by 2023.
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