Enterprize Energy will survey an area covering 2,800km2 located 20-50 kilometres off the Binh Thuan Province, the company's founder Ian Hatton said during the announcement ceremony. The wind farm will cover up to 30% of the surveyed area.
Based on the results of the surveys, Enterprize Energy will prepare the necessary planning, environmental, and feasibility reports.
The Thanglong project will be developed in five 600MW phases and one 400MW phase.
The first 600MW phase will comprise 64 9.5MW wind turbines expected to be operational in late 2022, early 2023. The capacity of the turbines for each of the following phases will increase as the development of wind turbine technology progresses, Hatton said.
The remaining 600MW phases are scheduled to be commissioned by 2026. The wind farm will feature MHI Vestas turbines.
The investment capital, equivalent to about USD 11.9 billion USD and excluding the investment for power grid connection to the national power system, is arranged for the whole project, the developer said.