Our Development Partner
Expected Construction Equity Funding
Estimated Project Impact
78 MW additional capacity
258 GWh/year clean electricity
99 277 tCO2eq/year emissions avoided
540 construction jobs
181 327 people reached
CI1’s investment will be used to finance the construction of the project, which will support the government’s ambition of reducing reliance on fossil fuels, hydropower and energy imports through the implementation of renewable energy projects.
As electricity demand in Vietnam is significantly increasing, the government has stipulated ambitious goals for the wind and solar sector and in 2016 revised Vietnam’s renewable energy targets. Targeted capacity for wind is 800 MW by 2020, 2,000 MW by 2024 and 6,000 MW installed by 2030.
To reach these goals the government will need to take measures to expedite wind development and encourage independent power producers to enter the market with new sources of funding to finance the country’s transition.
Environmental & Social Category
The E&S risk of the project has been classified as category B+ (in accordance with CI1’s risk categorisation), which is equivalent to International Finance Corporation (IFC) Category B.
An environmental impact assessment (EIA) to meet Vietnamese requirements has been completed and approved. An IFC-compliant environmental and social impact assessment (ESIA) is currently being completed.
Land acquisition is being undertaken as per Vietnamese law by the government. With Tra Vinh I, the Project is expected to deliver a greater impact in relation to CI1’s Community Development Programme for the Tra Vinh community. This is due to the aligned and coordinated interventions in one region, which is likely to more than double CI1’s resources to implement its CSR initiatives.