fresh policy route jolts investors

Fresh policy route jolts investors

For years, numerous foreign financiers have been interested in developing onshore and offshore wind farms worth billions of US dollars in Vietnam, with its great potential for the renewable energy and a transition from coal. However, a new policy direction dampening down of ambitions may close the door on some new funding waves.
vietnam has substantial potential for offshore wind power report

Vietnam has substantial potential for offshore wind power: report

Vietnam’s offshore wind power has technical potential of about 160 GW, according to a national report on maritime and insular environment for 2016-2020.
denmarks rsted ties up with tt to increase its offshore wind footprint in vietnam

Denmark's Ørsted ties up with T&T to increase its offshore wind footprint in Vietnam

Denmark-headquartered Ørsted and Vietnamese cross-industry company T&T Group have announced the signing of an MoU to begin a strategic collaboration on offshore wind in Vietnam.
hbre cooperates with evn genco 3 to develop offshore wind farm in ba ria vung tau

HBRE cooperates with EVN Genco 3 to develop offshore wind farm in Ba Ria-Vung Tau

EVN and HBRE Group – the leading developer of onshore wind farms in Vietnam – have signed an agreement to develop an offshore wind farm in the southern coastal province of Ba Ria-Vung Tau. They are assisted by Sapura Energy Bhd., a global integrated offshore engineering and construction company.
wind developers ask for transitional policy

Wind developers ask for transitional policy

With world-class resource potential and rapidly growing power demand, Vietnam is facing a crucial crossroads and has the opportunity to accelerate deployment of both onshore and offshore wind, according to a new report – but the ongoing pandemic is causing regulatory challenges and delays to many projects as developers attempt to settle on incentive policies for the next stage.
offshore wind farms worth usd billions line up for approval

Offshore wind farms worth USD billions line up for approval

Numerous foreign investors are interested in developing offshore wind farms worth billions of dollars in total investment capital in Vietnam.
global offshore wind leader rsted to set up office in vietnam

Global offshore wind leader Ørsted to set up office in Vietnam

Global offshore wind leader Ørsted has officially announced its office opening in Vietnam to set up a base to develop billion-dollar projects in the future.
conditions in place for offshore development

Conditions in place for offshore development

Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the country’s energy development schedule.
showing ambition for offshore wind

Showing ambition for offshore wind

Vietnam is now boasting great potential in offshore wind development which is attracting more investors. Liming Qiao, head of the Global Wind Energy Council (GWEC) Asia, told VIR’s Nguyen Thu about the challenges and regulatory needs for a true offshore wind sector in Vietnam.
experts suggest raising proportion of offshore wind power in new power plan

Experts suggest raising proportion of offshore wind power in new power plan

Vietnam needs to increase the proportion of wind power, especially offshore wind power, in the total power capacity targeted in the National Power Development Plan for 2021-2030 with a vision to 2045 (Power Development Plan VIII), so as to attract more foreign investors in the field, according to businesses and experts.
la gan wind power development corporation signs four mous

La Gan Wind Power Development Corporation signs four MoUs

La Gan Wind Power Development Corporation, the developer of the 3.5GW La Gan offshore wind farm project owned by Copenhagen Infrastructure Partners, Asiapetro, and Novasia, on February 24 signed four MoUs on foundation supply and harbour services.
la gan offshore wind farm to create thousands of jobs

La Gan Offshore Wind Farm to create thousands of jobs

The La Gan Offshore Wind Farm will generate thousands of full-time jobs in Vietnam and make significant contributions to the country's economic development.
mainstream to co develop 500mw offshore wind energy project in ben tre province

Mainstream to co-develop 500MW offshore wind energy project in Ben Tre province

Following the Phu Cuong Soc Trang project in Soc Trang province, Mainstream Renewable Power has signed a joint development agreement with Advance Information Technologies Corporation (AIT), a local specialist in providing EPC services to power projects and a strong local developer of renewable energy projects, to co-develop a 500MW offshore wind power project in Ben Tre province.
vietnam has great potential for wind power conference

Vietnam has great potential for wind power: conference

Around 10 gigawatts of offshore wind power could be in operation in Vietnam by 2030, according to studies carried out by the Danish Energy Agency and the World Bank.
roadmap recommended for offshore wind power development

Roadmap recommended for offshore wind power development

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).