Trading house Mitsubishi Corp. has invested in a massive wind power plant project in Laos to deliver electricity to Vietnam, in what would be the biggest onshore wind farm in Southeast Asia.
Mitsubishi said in a recent press release that the 600 megawatt wind power plant in southern Laos, a first for the country, will be developed by Hong Kong-based Impact Energy Asia Development Ltd., or IEAD, from next year, with operations planned to start in 2025.
The onshore wind farm project, also described as the "first cross-border electricity interchange from wind power generation" in the region, is aimed at fighting climate change while supporting economic activity.