The signing took place on July 22 within the framework of the Vietnam Energy Summit in Hanoi.

According to the Danish Embassy in Vietnam, with an estimated cost of US$10 billion, the project is expected to create a significant source of income and jobs for Binh Thuan Province and Vietnam in general. 

The signing ceremony between Binh Thuan and CIP.

The successful cooperation between Binh Thuan and CIP and its partners Asiapetro and Novasia Energy, could also be a platform to attract other foreign investors to offshore wind energy projects in Vietnam.

With this MoU, the project partners will work closely with Binh Thuan and the ministries concerned to formulate a detailed investment plan once the La Gan project is integrated into Vietnam’s power development plans.

Findings from a cooperative research project between Vietnam and Denmark show that Vietnam has up to 160GW of potential offshore wind energy, according to Danish Ambassador Kim Højlund Christensen.

That makes Vietnam one of the most promising markets for offshore wind development and the country needs to learn from the experience of other countries to reap the full benefits, the diplomat added.

With a potential capacity of 3.5GW, La Gan is one of the first large-scale wind power projects in Vietnam and is expected to enhance Vietnam’s regional and global position in the field of renewable energy.

Vietnam welcomes US Gen X Energy’s projects

The Vietnamese Government always rolls out red carpet for US-based Gen X Energy’s high-tech projects which are friendly with the environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.

Vietnam seeks to develop smart energy

A forum on smart energy and optimization of power structure in Vietnam with flexible solutions was held by the Finnish Embassy in Vietnam and Wartsila Group in Hanoi on August 29. 

HCMC green-lights two waste-to-energy plants

HCMC has approved the construction of two plants that will start producing electricity from waste in the next two years.

Vietnam owns abundant potential for renewable energy development

Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050.

Over 100 energy saving solutions proposed for businesses

More than 100 energy saving solutions have been proposed under a project funded by the Government of the Republic of Korea to promote the investment market for energy efficiency in Vietnam’s industrial sector.

Source: NDO