Vietnam, Australia cooperate to develop offshore wind power projects

March 29, 2024 | 08:52

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Deputy Prime Minister Tran Hong Ha received Australian Ambassador to Vietnam Andrew Goledzinowski and leaders of Corio Generation of Australia’s Macquarie Group in Hanoi on March 28.

Vietnam, Australia cooperate to develop offshore wind power projects | Business | Vietnam+ (VietnamPlus)

Deputy Prime Minister Tran Hong Ha (right) hosts a reception for Australian Ambassador to Vietnam Andrew Goledzinowski on March 28 (Photo: VNA)

Hanoi – Deputy Prime Minister Tran Hong Ha received Australian Ambassador to Vietnam Andrew Goledzinowski and leaders of Corio Generation of Australia’s Macquarie Group in Hanoi on March 28.

The Deputy PM hailed the proactiveness of Corio Generation and Power Generation Joint Stock Corporation 3 (EVNGENCO 3) in the implementation of an offshore windfarm project in Vietnam.

Describing it as a key project which contributes to expanding the comprehensive strategic partnership between Vietnam and Australia, and helps Vietnam realise the Just Energy Transition Partnership (JETP), the Deputy PM suggested Corio Generation focus on technology support and transfer and persify partners in the country during the process of investment in Vietnam.

For his part, Goledzinowski said a pillar of cooperation in bilateral relations is green energy transition - an area that has been strengthened between Australia and Vietnam in recent times.

Some Australian businesses are very interested in building offshore wind farms because Vietnam has great potential to develop this type of power, he continued.

Meanwhile, leaders of Corio Generation company suggested that conducive mechanisms and policies should be issued to create favourable conditions for investors in the field of renewable energy.

Corio has joined in the research and development of some renewable energy projects in Vietnam since 2019. As a member of the Glasgow Financial Alliance for Net Zero (GFANZ), the company is coordinating with other partners to mobilise resources for energy transition projects in Vietnam.

Offshore developers frustrated at lack of pilot policy

There is still currently no legal avenue for foreign or domestic investors to take on offshore wind power pilots in Vietnam.

Answers sought for offshore wind gains

Vietnamese authorities are being urged to contemplate strategies to advance offshore wind energy development.

Offshore wind power, hydrogen, and gas power awaiting policies

The expeditious execution of gas power, offshore wind power, and hydrogen projects is contingent upon the competent authorities formulating policies pertaining to these domains.

PTSC shows strong engagement in offshore wind power projects

The Petrovietnam Technical Services Corporation (PTSC), a subsidiary company of the Vietnam Oil and Gas Group (Petrovietnam), is deeply engaging in domestic and international offshore wind power projects thanks to its rich experience, strong resources and highly qualified personnel.

By VNA

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