Vietnamplus

Vietnam’s energy transition is facing challenges, especially as the transition is expected to ensure energy security, power supply, and reasonable costs.

Developing offshore wind power is a great dual opportunity for Vietnam, Danish Ambassador to Vietnam Nicolai Prytz told a seminar themed “Promoting Vietnam’s offshore wind power development: International practices and policy recommendations” in Hanoi on March 16.

Vietnam's curent situation is similar to the UK's in the first decade of the 21st century, thus it can learn from and cooperate with the European country in the field of clean energy development, according to Dr. Dao Duc Cuong, an expert from Bradford University.

Norway is willing to share experiences and cooperate with Vietnam in the field of offshore wind power, said State Secretary of the Norwegian Ministry of Foreign Affairs Erling Rimestad at a meeting with Deputy Minister of Industry and Trade Dang Hoang An in Hanoi on March 1.

The southernmost province of Ca Mau continues to invite investments into key projects this year, especially those in renewable energy in an effort to effectively tap its potential and advantages in sustainable development.

Offshore wind power will be fundamental to delivering Vietnam’s green transition goals, said Stuart Livesey, the Vietnam Country Director for Copenhagen Offshore Partners (COP) - the offshore wind project developer of Copenhagen Infrastructure Partners (CIP).

Nikkei Asia, a news service in Japan, ran an article on January 6 saying that Vietnam's offshore wind power sparks an influx of foreign investment.

A groundbreaking ceremony for Asia Dak Song 1 wind power plant was held in Nam Binh commune, Dak Song district, the Central Highlands province of Dak Nong on January 4.

The Asian Development Bank (ADB) has signed a 107 million USD financing project with BIM Wind Power Joint Stock Company (BIM Wind) to assist the operation of an 88 MW wind farm in the south central province of Ninh Thuan.

Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth, heard a conference held by the Global Wind Energy Council (GWEC) in Hanoi on December 1.

The People’s Council of Quang Binh province had a meeting with Dutch company Pondera on November 30 to discuss the possibility of cooperation in a wind farm project in the central locality.

The People’s Committee of Binh Dinh province and the German Industry and Commerce Delegation in Vietnam held a conference on November 21 to promote the European country’s investment in the central locality.

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.

There have been numerous complaints regarding the development of the electricity price bracket, however only 59 out of 293 units and projects, or just 20% of renewable energy investors, have contributed ideas or proposals themselves.

The Ministry of Natural Resources and Environment has proposed a temporary halt on appraisal and approval for the surveying of offshore wind power projects due to a number of legal and technical problems.

The Vietnam Oil and Gas Group (Petrovietnam) has full capacity and advantages in offshore wind power development and in renewable energy projects in the future, held participants at a recent symposium on offshore wind power and hydrogen production from this energy source.

Mong Cai city, the northern province of Quang Ninh, is planning to develop renewable energy on Vinh Thuc and Vinh Trung islands in the near future.

The Lao Government and relevant energy companies plan to spend over 2 billion USD for the construction of a wind power project in Sepon district, Savannakhet province to serve domestic demand and export to Vietnam.

General Director of the Vietnam Oil and Gas Group (PetroVietnam) Le Manh Hung has proposed that PetroVietnam and Norwegian energy firm Equinor promptly build a roadmap to implement their joint offshore wind power and hydrogen production projects in Vietnam during a recent meeting with Equinor Director Anita H. Holgersen in Hanoi.

JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1% stake at Vietnam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported.