| Project Detail |
Project Name AC Energy Wind Power Project
Project Number 53206-001
Borrower / Company BIM Wind Power Joint Stock Company
Country / Economy Viet Nam
Location Nation-wide
Type or Modality of Assistance
Loan Japan USD 15.00 million Approved
0863 Grant Climate Innovation and Development Fund USD 5.00 million Approved
4240 Loan Ordinary capital resources USD 35.00 million Approved
CF109 B-Loan Commercial Lenders USD 56.40 million Approved
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector
Energy / Renewable energy generation - wind
Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Montinola, Rafael Ignacio Miguel H.
Project Sponsor(s) AC Energy, Inc.
Description The loan will support the construction and operation of an 88-megawatt wind farm in Ninh Thuan province, Viet Nam.
Objectives and Scope The Asian Development Bank, in its capacity as the mandated lead arranger, has mobilized commercial banks to provide long-term, United States dollar, limited-recourse project financing unavailable in the local market.
Linkage to Country/Regional Strategy The project is aligned with two pillars of ADBs country partnership strategy for Viet Nam, 2023-2026: (i) supporting Viet Nams transition to a green economy, and (ii) harnessing the countrys private sector. The project also supports the alignment of the country partnership strategy with Viet Nams commitments to the United Nations Framework Convention on Climate Change to achieve net zero carbon emissions by 2050. |
