According to a report from the China Wind Power Database, Envision Energy now ranks first out of 14 turbine manufacturing contractors for the total capacity of its wind power projects, with 22,526MW. Goldwind Technology is now ranked second with 20,632MW.

The total number of new wind power projects from Chinese providers in 2023 was 779, with a combined capacity of 116,490MW. The total installed global wind power capacity from Chinese manufacturers last year was approximately 116.5GW.

In the international market, Envision Energy had an installed capacity of nearly 6,073MW, far ahead of other contractors such as Windey (1,345MW), Mingyang (776MW), and Goldwind (513MW). The total capacity of wind power projects by Chinese firms in the international market in 2023 was 9,224MW.

In Vietnam, along with the change in the government’s electricity price policy, numerous wind power projects under the Power Development Plans VII and VIII have had their electricity purchase prices adjusted to under $0.07 per kWh, no longer benefiting from the feed-in tariff electricity price policy. Most projects are struggling with financial challenges related to diminishing profits from wind power. As a result, several wind-power developers have now decided to use Chinese wind turbines in their projects.

Envision Energy has provided turbines for such projects in the southwest and south central regions such as in Hoang Hai, Tai Tam, IAPet Dak Doa, Hoa Binh 5, Huong Linh 3-4, Cuu An, Dak Hoa, Nam Binh, Lac Hoa 2, Hoa Dong 2, and Phuoc Huu.

Vietnam Investment Review