Scatec refinances onshore wind farm in Vietnam

Scatec, a leading renewable energy solutions provider, has refinanced the USD 37 million of non-recourse project debt for the 39 MW wind power plant Dam Nai in Vietnam.

With this refinancing, Scatec has achieved improved project return through a reduced interest margin and a covenant relief which allows for an immediate cash distribution of USD 6 million. The Dam Nai wind farm is 100 percent owned by Scatec and was part of the acquisition of SN Power in early 2021. It is located in the Ninh Thuan province, approximately 350 kilometres north of Ho Chi Minh City, in the southern part of the Southeast Asian country. Vietnam is an important market for Scatec, and the refinancing demonstrates how project returns can be enhanced when renewable assets and financial... ... More: Official Press Release Scatec

Keywords:

Scatec, Vietnam, wind farm, refinancing, Dam Nai, investment, Norway, renewable energy, producer, project, onshore