WFW assists Vietnam floating solar project financing

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Watson Farley & Williams (WFW) instructed lender Asian Development Bank (ADB), in financing the US$37 million installation of floating solar photovoltaic power generation panels.

The 47.5MW facility is on the man-made reservoir that houses Da Mi hydro power plant, in Vietnam’s Binh Thuan province. It is the first large-scale installation of floating solar PV panels in the country, and the largest of its kind in Southeast Asia.

A cross-border team from WFW Hong Kong and its associated law firm in Vietnam, WFW LVN & Associates, advised as international and local Vietnamese counsel in financing documentation and providing the due diligence report for the project.

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