ADB secures 144MW green loan financing in Vietnam

The Asian Development Bank (ADB) has signed a USD116 million green loan to build and operate three wind farms of 48 MW each, totaling 144 MW, in Quang Tri Province, Vietnam.

The project is expected to increase Vietnam’s wind power capacity by 30 per cent, helping the country meet rapidly growing demand for energy. The loan is with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen). The loan forms part of a $173 million green loan project financing package arranged and syndicated by ADB as mandated lead arranger and bookrunner.