Mainstream has offices in Manila, The Philippines and Hanoi, Vietnam supporting its SE Asia projects. In Vietnam, Mainstream is developing the 800MW Phu Cuong wind project with local developers, the Phu Cuong group. The Phu Cuong project will be the largest wind project in Vietnam and will be delivered in three phases. Phase 1, 170MW will reach financial close in 2019.
In Manila, the company is developing 120MW of wind projects and progressing further wind and solar projects.
The Asia region is characterised by rapid and significant economic growth, which is driving an equivalent need for increased electricity generation capacity. Compared to other parts of the world, excluding China and India, the region has very little installed wind or solar capacity, representing a substantial opportunity for Mainstream.