Siemens Gamesa signs $400 mln wind gear agreement with Vietnam’s BCG Energy
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Siemens Gamesa Renewable Energy has signed a preliminary agreement to supply wind turbine gear worth up to $400 million to Vietnam’s BCG Energy, Vietnam’s government said on Monday.
The memorandum of understanding is part of the Vietnamese firm’s move to develop wind turbines with a capacity of over 500 megawatts, the Ministry of Industry and Trade said in a statement, adding the deal was signed on the sidelines of the United Nations COP26 summit.
Questions & Answers
Q.What is the purpose of this agreement between Siemens Gamesa and BCG Energy?
What is the purpose of this agreement between Siemens Gamesa and BCG Energy?
The memorandum of understanding is part of BCG Energy's plan to develop wind turbines with a capacity exceeding 500 megawatts.
Q.What kind of equipment will Siemens Gamesa supply to BCG Energy?
What kind of equipment will Siemens Gamesa supply to BCG Energy?
Siemens Gamesa will supply wind turbine gear to BCG Energy under the preliminary agreement.
Q.Where and when was this agreement signed?
Where and when was this agreement signed?
The deal was signed on the sidelines of the United Nations COP26 summit.
Q.What is the potential value of the wind gear supply agreement?
What is the potential value of the wind gear supply agreement?
The agreement to supply wind turbine gear is worth up to $400 million.
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