WFW aids Vietnam floating solar project funding
- Watson Farley & Williams (WFW) advised loan provider Asian Development Bank (ADB), in funding the US$ 37 million setup of floating solar photovoltaic power generation panels.
The 47.5 MW center gets on the manufactured tank that houses Da Mi hydro nuclear power plant, in Vietnam's Binh Thuan district. It is the very first large setup of floating solar PV panels in the nation, as well as the biggest of its kind in Southeast Asia.
A cross-border group from WFW Hong Kong and also its involved law office in Vietnam, WFW LVN & Associates, suggested as neighborhood and also worldwide Vietnamese advise in funding paperwork as well as supplying the due persistance record for the project.
The Hong Kong group was led by companion Linh Doan and also sustained by elderly associate Michael Folsom and also associate Edmund Poon. WFW LVN associate Tram Nguyen suggested on the Vietnamese regulation facets of the bargain.
The floating solar energy plant was intended by a Vietnamese hydropower manufacturer Da Nhim-Ham Thuan-Da Mi Hydro Power Joint Stock Company, a device of Vietnamese power utility Electricity of Vietnam. Financial close on the project got on 6 December 2019.