Mainstream Renewable Power increases Vietnamese portfolio with new procurement

• Global programmer Mainstream Renewable Power has actually obtained an 80% risk in Technology and also Development Joint Stock Company (D&T), which holds a 405MW portfolio in Dak Nong province, Vietnam.

The portfolio is separated into three projects that are consisted of in the Vietnamese federal government's Power Development Plan 7 as well as have remained in development given that 2019, with a monetary close expected in 2022.

"We have existed in Vietnam since 2016 and also play a crucial role in allowing its energy shift-- with over 2.3 GW of solar and overseas wind projects now in the pipe," said Mainstream's general manager for the APAC area Cameron Smith.

Mainstream's business model is based on determining greenfield websites in high growth markets which are then commercialised.

The collaboration will certainly be "helpful for both celebrations" and the broader area as "the scale of this portfolio will certainly assist to dramatically increase the renewable energy market as well as the development of the province", claimed Tran Do Thanh, vice chairman as well as CEO of D&T.