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Siemens Gamesa signs $400 mln wind gear agreement with Vietnam's BCG Energy

Nov 1st at 15:16
01-11-2021 15:16:57+07:00

Siemens Gamesa signs $400 mln wind gear agreement with Vietnam's BCG Energy

Siemens Gamesa Renewable Energy has signed a preliminary agreement to supply wind turbine gear worth up to $400 million to Vietnam's BCG Energy, Vietnam's government said on Monday.

A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. Photo by Reuters/Vincent West

The memorandum of understanding is part of the Vietnamese firm's move to develop wind turbines with capacity of over 500 megawatts, the Ministry of Industry and Trade said in a statement, adding the deal was signed on the sidelines of the United Nations COP26 summit.

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