Business

UK investor plans offshore wind farm in Binh Thuan

The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly 12 billion USD, UK developer Enterprize Energy said.
UK investor plans offshore wind farm in Binh Thuan ảnh 1The proposed offshore wind power project in Binh Thuan province requires total investment of nearly 12 billion USD. (Photo: tinnhanhchungkhoan.vn)

Binh Thuan (VNA) – The proposed offshore wind power project in thesouth central province of Binh Thuan will have a designed capacity of 3,400 MWand require total investments of nearly 12 billion USD, UK developer EnterprizeEnergy said.

According to Chairman of Enterprize Energy Ian Hatton, Ke Ga offshore windpower project will be developed in 600-megawatt phases. It will use 9.5megawatt wind turbines initially, and more powerful ones are expected overtime.

It will be carried out on an area of nearly 2,000 square kilometres, 20 kilometresoffshore Ke Ga cape.

The project is expected by investors to create a new breakthrough for windpower development in Vietnam.

Under an agreement inked with its Vietnamese partners- Petroleum EquipmentAssembly & Metal Structure (PVC-MS) and Vietnam-Russia Oil and Gas JointVenture (Vietsovpetro), the two Vietnamese firms are in charge of the project’sdesign, construction, installation of offshore power transformation stations,and connection of underground cable and transmission grid.

Meanwhile, Mitsubishi Vestas Offshore Wind, a joint venture of Vetas WindSystem A/S and Mitsubishi Heavy Industries Ltd, will supply wind turbines.

Experts said that greatest challenge of the project must be the selling priceof wind power.

The feed-in tariff (FIT) is 9.8 US cents per kWh for offshore wind powerprojects which become operational before November 2021 under the Government’sDecision No.39/2018/QD-TTg. However, the first phase of Ke Ga wind power farm willnot begin operation until 2022, and the price of wind electricity is stillindistinct, Ian Hatton said.

According to Deputy Director of the Electric and Renewable Energy Departmentunder the Ministry of Industry and Trade Nguyen Van Thanh, as the project hasnot been added to the national power development plan, the selling price ofwind power cannot be fixed.

Chairman of the Vietnam Energy Association Tran Viet Ngai said that competentauthorities should give timely assistance to the project so that it cancomplete investment procedures soon, making contributions to increasingcapacity of Vietnam’s power sector, especially when wind power is a cleanenergy which does not cause any harm to the environment.-VNA
VNA
#offshore wind power project #south central province of Binh Thuan #designed capacity of 3 #400 MW #UK developer Enterprize Energy #Ke Ga offshore wind power project #FIT #Vietnam News Agency #Vietnamplus Binh Thuan
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