STATEMENT: Vietnam's onshore wind turbine to be installed at Hai Anh wind farm project

(Information sent by the signatory company).

STATEMENT: Vietnam's onshore wind turbine to be installed at Hai Anh wind farm project

(Information sent by the signatory company)

- Vietnam's largest onshore wind turbine diameter to date to be installed at Hai Anh wind farm project

DONG HA, Vietnam, Feb. 23, 2024 /PRNewswire/ -- Electric Wind Power ("the company", SHA:688660), a subsidiary of Shanghai Electric (SEHK:2727, SSE:601727), also the largest Chinese equipment manufacturer onshore wind power company and one of the largest Chinese manufacturers of offshore wind power equipment, has recently signed an agreement to supply its advanced wind turbines to Hai Anh Wind Power Company joint venture partners, IPC Construction Joint Stock Company (IPC E

Electric Wind Power has extensive experience in international cooperation and has contributed its most advanced wind technology and products, together with its most experienced team, to the Hai Anh wind farm project. The company's global green energy development strategy facilitates the transnational flow of clean and efficient energy, while increasing the energy supply of partner countries. This optimizes the local energy consumption structure and drives green and low-carbon development around the world.

The Hai Anh wind farm project is the company's first wind project in Vietnam and uses Electric Wind Power's WH5.25-172 wind turbine unit, which has the largest onshore wind turbine diameter on the Vietnamese market to date. With a hub center height of 125 meters, the project has the largest single-machine capacity and the largest hub center height among all of the company's international onshore projects. With the signing of this contract, Electric Wind Power continues its support for China's Belt and Road Initiative, while actively promoting green development. Another model project that showcases the company's transnational energy is the construction of the Senj wind energy project in Croatia, the largest onshore wind energy project in the Balkans.

Vietnam has experienced rapid economic development in recent years and has enormous potential for economic growth in the future, which will drive high growth in electricity demand. According to Vietnam's latest national energy plan, Vietnam will strive to rapidly develop renewable energy to meet the growing demand for electricity, while gradually reducing the proportion of thermal generation.

In recent years, coal energy pollution has been a serious problem in some areas of Vietnam, so to stimulate a post-pandemic green economic recovery, the Vietnamese government has stated that it will prioritize the development of renewable energy. This means that renewable energy such as wind power, which has abundant reserves in Vietnam, will receive more attention and share in the future and will grow significantly, creating huge potential in the green energy market.

The foundation anchoring components of the Hai Anh wind farm project will be delivered at the end of March 2024, and the company's first batch of four wind turbines will be delivered at the beginning of June 2024, while the second batch of four It will be delivered in mid-June 2024. Lifting of the wind turbines will be completed by the end of August 2024 and they are expected to be completed and connected to the grid before November 2024.

About Shanghai Electric

Shanghai Electric Group Company Limited (SEHK: 2727, SSE: 601727), a world-leading provider of industrial-grade green smart system solutions with a worldwide presence, is dedicated to smart energy, smart manufacturing and intelligence integration. digital. Focusing on low-carbon development and digital transformation by opening up new scenarios and promoting new growth engines, Shanghai Electric will strive to be a leader in pursuing peak carbon dioxide emissions sooner. by 2030 and carbon neutrality by 2060, the production of new energy equipment and the localization of high-end equipment, using the unlimited opportunities of an innovative industrial ecosystem together with global partners.

For more information about Electric Wind Power and Shanghai Electric, please visit

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