Japanese wind power company Eurus Energy Holdings Corporation has established a new business entity in Vietnam, marking its first base for new development and investment in Southeast Asia.
Located in the capital city of Hanoi, the new subsidiary Eurus Energy Vietnam LLC specialises in the development and operation of wind power plants and solar parks.
The company deems Vietnam as one of the regional markets in which the expansion of renewable energy is set to be vibrant.
The demand for electricity in Vietnam is expected to continue increasing due to economic and population growth, and the country is promoting the construction and expansion of power plants to secure new sources.
In particular, wind power generation is attracting attention across the nation as it benefits from favourable conditions. The government has set lofty goals for wind generation, namely introducing 17GW of onshore capacity by 2030 and 39GW by 2045.
With its new base in Vietnam, Eurus Energy will contribute to the stabilisation of the electricity supply and the development of a low-carbon infrastructure in the country by leveraging its knowledge and experience in the renewable energy business.
Eurus Energy has been engaged in the renewable energy generation business globally for more than 30 years, beginning with the establishment of its wind power business in the United States in 1987. Currently, it maintains operations in 15 countries, with a concentration within the US, Europe, and Asia-Pacific regions.
| ||Renewable efficiency for Vietnamese cities |
Energy developer Copper Mountain Energy JSC (CME) is carrying out the first renewables venture at a Vietnamese airport. CEO Bui Trung Kien talked with VIR’s Nhat Ha why the initiative is important, and how the company’s moves will ultimately benefit both customers and the environment.
| ||The bankable answers for renewable energy |
The Vietnamese government has taken part in discussions with various private sector groups and energy organisations as part of a step-by-step approach for the country’s latest Power Development Plan. VIR’s Nguyen Thu talked with John Rockhold, head of the VBF’s Power & Energy Working Group, about the role of foreign investment in the power and energy sector.
| ||Gia Lai seeks partnerships with Japan in agriculture, renewable energy, tourism |
The Central Highlands province of Gia Lai held a workshop on May 22 to introduce its potential and seek chances for investment cooperation with Japan in agriculture, processing, renewable energy, and tourism.