Wednesday, Jul 6, 2022
International Finance
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Vietnam to tap into 10GW of offshore wind energy by 2030

Vietnam offshore wind energy_IFM_Image
Vietnam has an estimated potential of 160GW offshore wind capacity

Vietnam will tap into 10GW of offshore wind energy by 2030, according to an assessment carried out by the World Bank and Danish Energy Agency, media reports said. The findings were presented to the Vietnamese government to develop an offshore wind sector in Vietnam.

The assessment also found out that Vietnam has an estimated potential of 160GW offshore wind energy within 5 km and 100 km from shore.

In this context, Ministry of Industry and Trade director general of electricity and renewable energy Hoang Tien Dung told the media, “The government of Vietnam is always committed to the development of a sustainable energy sector and the timing now is very critical with our national Power Development Plan 8 preparation by the Ministry of Trade and Industry being underway.

“We, therefore, highly appreciate advice and recommendations from Denmark and the World Bank, our long term partners who have possessed many years of experience and knowledge in renewable energy ahead of us.”

The two organisations have also made several recommendations to the Vietnamese government, which they will take into consideration.

Recently, GE Renewable Energy secured contracts to supply a total of 12 units of GE’s 5MW-158 Cypress wind turbines to support construction of the Quoc Vinh Soc Trang and Lac Hoa Soc Trang wind farms, located in the Mekong Delta, Vietnam.

Vietnam will soon unveil its Power Development Master Plan 8 (PDP 8) for the next decade. The PDP is expected to provide a roadmap to end Vietnam’s reliance on carbonised energy sources and move toward renewable energy and liquefied natural gas (LNG) as its primary source of energy.

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