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Siemens Gamesa signs $400 million wind gear agreement with Vietnam’s BCG Energy

Published by maria gbaf

Posted on November 1, 2021

1 min read

· Last updated: January 29, 2026

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Siemens Gamesa Secures $400M Wind Gear Deal with BCG Energy

HANOI (Reuters) – 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 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.

(Editing by Martin Petty)

Key Takeaways

  • Siemens Gamesa signs a $400 million agreement with BCG Energy.
  • The deal focuses on wind turbine gear supply.
  • Agreement aims to develop over 500 megawatts capacity.
  • Signed during the UN COP26 summit.
  • Part of Vietnam's renewable energy expansion.

Frequently Asked Questions

What is the main topic?
The article discusses Siemens Gamesa's $400 million agreement with BCG Energy to supply wind turbine gear in Vietnam.
What is the significance of the deal?
The deal aims to enhance Vietnam's renewable energy capacity by developing over 500 megawatts of wind power.
Where was the agreement signed?
The agreement was signed on the sidelines of the United Nations COP26 summit.

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