GE Renewable Energy wins one of the Largest Onshore Wind Contracts in South-east Asia

GE Renewable Energy announced today it has secured a contract with BIM Wind JSC (“BIM Wind”), a project joint venture company between AC Energy, the power generation platform of Ayala Corporation, one of the largest Philippine conglomerates, and BIM Energy Holding, the renewable energy platform of BIM Group, one of Vietnam’s largest privately-owned conglomerates, to supply, install and commission GE Cypress onshore wind turbines for BIM Wind’s 88 MW wind farm located in Ninh Thuận Province, South Central Vietnam.

The 88 MW order is GE’s largest Cypress platform deal in South-east Asia, eclipsing three other Cypress orders in Vietnam over the last 12 months. It includes a 15-year full-service agreement. The project is expected to be commissioned and operational by the end of third quarter of 2021. All turbines will be equipped with the two-piece blade design.

Mr. Doan Quoc Huy, CEO of BIM Energy Holding said: “GE’s Cypress technology is the right platform for our first wind farm in Vietnam and we are delighted to partner with GE Renewable Energy as we aim to develop at least 1000MW of clean energy by 2025 contributing to Vietnam’s vision for cleaner sources of energy.”

GE’s Cypress onshore wind platform continues to be the technology of choice in Vietnam and a good fit for Ninh Thuận wind resource and land use. The platform enables significant Annual Energy Production (AEP) improvements, increased efficiency in service ability, improved logistics and siting potential, and ultimately more value for customers.

Gilan Sabatier, Regional Leader for GE Renewable Energy’s Onshore Wind business in South Asia and ASEAN said: “We are extremely excited to partner with AC Energy and BIM Group - who share our values and are fully engaged in accelerating the energy transition in Vietnam. We thank them for their trust on this key wind project for the country. This is another addition to what is now becoming a sizeable project backlog for us in Vietnam, validating our position as a technology partner of choice supporting our customers in capturing the best wind resources and driving energy costs down.”

AC Energy International Chief Operating Officer Patrice Clausse said: “This is AC Energy’s second wind farm in Vietnam utilizing GE Renewable Energy’s turbines. As we expand our renewable energy initiatives in the region, we look into partners like GE, with their long-established focus on new technologies, to underpin our 2025 goal. AC Energy aims to accelerate the energy transition in Vietnam through partners such as BIM Renewables and GE.

###

About BIM Energy Holding
BIM Energy Holding is a wholly owned subsidiary of BIM Group, one of the leading private groups in Vietnam, with businesses spanning real estates development and operations, renewable energy, aquaculture and foods, and consumer and lifestyles.

BIM Energy Holding is the renewable energy platform for BIM Group, and the majority owner of existing 405MW solar plants under operation and BIM Wind project. The platform has ambition and plan to expand its renewable capacity up to 2GW in the near future.

About AC Energy
AC Energy and Infrastructure Corporation (ACEIC) is a wholly owned subsidiary of Ayala Corporation, one of the largest and most diversified conglomerates in the Philippines.

ACEIC is the holding company for Ayala’s energy and infrastructure businesses, and owns majority interest in AC Energy Corporation (PSE: ACEN). ACEN aspires to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5 GW of renewables capacity by 2025. www.acenergy.com.ph

About GE Renewable Energy
GE Renewable Energy is a $15.7 billion business which combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on www.linkedin.com/company/gerenewableenergy, or on www.twitter.com/GErenewables