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Vietnam's offshore wind power industry attracts interest of foreign firms

Offshore wind power industry in Vietnam has attracted the interest of foreign firms of Denmark and Norway.

According to the Ministry of Industry and Trade (MoIT), major businesses of these countries have expressed their interest in developing offshore wind power.

The local reports shared that during a meeting, Minister Nguyen Hong Dien said "offshore wind power development is highly significant since it can be combined with the realisation of socio-economic growth, energy security, and industrialisation targets towards low-carbon emissions and net zero emissions by 2050."

During a meeting with the Orsted group, he shared that the world’s biggest offshore wind power developer can help Vietnam carry out effective energy transition projects.

In response, CEO of the Orsted group Martin Neubert said Vietnam is a new and important market. He shared that the company plans to launch the industry in Vietnam through two projects.

Meanwhile, Norwegian firm Equinor has also expressed interest in the offshore wind sector. In a recent meeting, Equinor shared about "Norway’s readiness and determination to contribute to Vietnam’s offshore wind power development, green transition, and implementation of the commitments in the Paris Agreement on climate change and at COP26."

The company shared that it also cooperated with the MoIT to study the development of an offshore wind power supply chain.

Vietnam is committed to achieve net zero emissions by 2050. It aims to develop 16,121 MW of onshore and inshore wind power by 2030.


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