Green Climate Fund offers over US$30 million to strengthen Vietnam’s climate change resilience

Together with UNDP, Vietnam will work to empower smallholder farmers – particularly women and ethnic minority farmers – to manage the increasing climate-related risks to agricultural production by ensuring the availability of water sources, adopting climate-resilient agricultural practices, and increasing access to agro-climatic information, credit and markets.

IFC financing two wind power projects in Vietnam

IFC on May 26 announced that it is providing a financing package of US$57 million to Thuan Binh Wind Power Joint Stock Company (TBW), a subsidiary of Refrigeration Electrical Engineering Corporation (REE). This will enable the construction of two onshore wind power plants – Phu Lac 2 in Binh Thuan province and Loi Hai 2 in Ninh Thuan province – with a total capacity of 54.2 megawatts ((MW). The plants will generate about 170 million kilowatt-hours of clean energy per year once they start operating later in 2021.