Vietnamese, Danish firms shake hands to develop offshore wind power

November 04, 2022 | 16:19

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Vietnam’s Doosan Vina and Denmark’s Ørsted have signed a memorandum of understanding (MoU) to develop the offshore wind power supply chain in Vietnam.

The signing was witnessed by Deputy Minister of Industry and Trade Dang Hoang An and Danish Crown Prince Frederick and Crown Princess Mary Elizabeth who are on a three-day visit to Vietnam on November 1-3.

Vietnamese, Danish firms shake hands to develop offshore wind power

Representatives of Doosan Vina and Ørsted sign memorandum of understanding to develop offshore wind power supply chain in Vietnam (Photo: Doosan Vina)

Under the MoU, Doosan Vina and Ørsted agree to engage in non-legally binding discussions to develop the offshore wind foundation supply chain in Vietnam with a primary focus on, but not limited to, the offshore foundation structure monopiles, with the aim of satisfying requirements relating to the development of Ørsted’s portfolio of offshore wind farm projects in Vietnam, with a specific focus on the Tuy Phong and Hai Phong projects, and abroad, and also the terms and conditions relating to material sourcing, manufacturing, and supply by Doosan Vina.

Ørsted will provide guidance and support, and help Doosan Vina access markets in other countries throughout the Asia-Pacific and Europe, while the Vietnamese firm will give “preferred customer” status to Ørsted.

According to Kim Hyo Tae, General Director of Doosan Vina, the signing of an MoU with a leading corporation in the wind power sector is an important event for the company.

In addition to offshore wind power, Doosan Vina is also in the preparation stage for producing fuel cells and hydrogen in line with the orientations and commitments of the Vietnamese Government on a carbon-neutral future by 2050.

Offshore wind future in balance for Vietnam

The long-awaited Power Development Plan VIII is set to target the development of about 7GW of offshore wind power in Vietnam. However, both investors and localities are waiting for a clearer roadmap.

Survey overlap potential irks wind power developers

Due to several legal pitfalls, conflicts may occur among wind power investors, both onshore and off, as they take part in surveying activities for their potential projects.

Investors wait for wind power administration system

Offshore wind offers a route to diversify the energy system in a cost-effective way, given the technology’s unmatched track record in driving down costs in the context of the major energy crisis facing the world today.

Moves made to tighten up offshore approval rulings

The Ministry of Natural Resources and Environment has proposed to the prime minister a temporary freeze on valuations and approvals to study offshore wind projects until existing regulations and technical issues have been removed.

By VNA

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