ACEN’s Monsoon Wind signs financing for its 600 MW wind project in Lao PDR

ACEN, the energy platform of the Ayala group, through its subsidiary ACEN Renewables International Private Limited, has signed the financing documents for the non-recourse project financing for the Monsoon Wind, the first wind power project in Lao PDR.

It will construct, own, and operate a 600 MW wind power plant and its 500 kV transmission line in the Sekong and Attapeu provinces of the Lao PDR. Monsoon Wind is also the first cross-border wind project in Southeast Asia. The electricity generated will be sold to Vietnam Electricity (EVN), under a 25-year power purchase agreement, through the project company’s 500 kV transmission line. The Monsoon Wind project is a partnership with ACEN, BCPG Public Company Limited, Impact Electrons Siam Limited, Mitsubishi Corporation and SMP Consultation and STP&I Public Company Limited. The project will be co-financed by the Asian Development Bank as lead arranger, Asia Infrastructure Investment Bank, Japan International Corporation Agency, the Export-Import Bank of Thailand, Hong Kong Mortgage Corporation Limited, Sumitomo Mitsui Banking Corporation, Kasikornbank, and Siam Commercial Bank. The project is expected to achieve commercial operations before the end of 2025.