Chinese EPCs are turning to more ASEAN wind projects

摘要

What projects are Chinese EPC contractors getting into recently? Where are these located? Recently we have seen Chinese EPC wind contractors entering into large utility-scale wind farm projects in Thailand and Vietnam. Each of the three most recent wind farms we advised on in Thailand had a capacity of 50MW or more and had Chinese EPC contractors, and Vietnam's first utility scale wind farm (24MW) also used a Chinese EPC contractor. We are aware of Chinese EPC contractors wishing to enter the solar PV market, but at least in our experience we have seen wind projects develop at a faster rate than solar in recent years, and European EPC contractors with a long track record in solar still hold a dominant position.