German firm seeks to build $1.5-billion offshore wind farm in Vietnam

Vietnam is a pioneer in wind farms in Southeast Asia

German renewable energy company PNG AG is poised to get involved into the construction of a $1.5-billion offshore wind farm in Vietnam, trying to capitalize on the Vietnam government’s strategy to boost this source of alternative energy.

The German company is currently studying the possibility of building the Vietnam’s second offshore wind power plant in Binh Dinh province, whose administration has given approval to conduct a year-long study for the plant to potentially be built in the districts of Phu Cat and Phu My.

PNG AG, which has over 20 years of experience in renewable energy, had earlier proposed building a 500- to 700-megawatts power plant in the province, its first project in the country.

The first offshore wind power plant, the 99-megawatts Bac Lieu Wind Power Project in the southern province of the same name, went on stream in 2016.

Energy-hungry industry needs more power

It is expected that in the period from 2021 to 2030, for which Vietnam’s national plan is being drafted, the country will need 30 gigawatts of wind and solar power.

There are currently eleven wind farms in the country with a total capacity of 429 megawatts, according to Vietnam Electricity, the largest power company in Vietnam.

The government in Hanoi has given the green light to almost a hundred new wind power plants, indicating the nation keeps powering ahead with renewables amid fears of looming power shortages as its industry and population keep booming.

The alternative energy plans come as fears mount Vietnam could face severe power shortages from 2023 onward as its industry and increasingly energy-hungry population burgeon. By 2030, the country is expected to require about 130 gigawatts of electricity annually, more than double the 54 gigawatts it consumes currently.



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Vietnam is a pioneer in wind farms in Southeast Asia German renewable energy company PNG AG is poised to get involved into the construction of a $1.5-billion offshore wind farm in Vietnam, trying to capitalize on the Vietnam government's strategy to boost this source of alternative energy. The German company is currently studying the possibility of building the Vietnam’s second offshore wind power plant in Binh Dinh province, whose administration has given approval to conduct a year-long study for the plant to potentially be built in the districts of Phu Cat and Phu My. PNG AG, which has over 20...

Vietnam is a pioneer in wind farms in Southeast Asia

German renewable energy company PNG AG is poised to get involved into the construction of a $1.5-billion offshore wind farm in Vietnam, trying to capitalize on the Vietnam government’s strategy to boost this source of alternative energy.

The German company is currently studying the possibility of building the Vietnam’s second offshore wind power plant in Binh Dinh province, whose administration has given approval to conduct a year-long study for the plant to potentially be built in the districts of Phu Cat and Phu My.

PNG AG, which has over 20 years of experience in renewable energy, had earlier proposed building a 500- to 700-megawatts power plant in the province, its first project in the country.

The first offshore wind power plant, the 99-megawatts Bac Lieu Wind Power Project in the southern province of the same name, went on stream in 2016.

Energy-hungry industry needs more power

It is expected that in the period from 2021 to 2030, for which Vietnam’s national plan is being drafted, the country will need 30 gigawatts of wind and solar power.

There are currently eleven wind farms in the country with a total capacity of 429 megawatts, according to Vietnam Electricity, the largest power company in Vietnam.

The government in Hanoi has given the green light to almost a hundred new wind power plants, indicating the nation keeps powering ahead with renewables amid fears of looming power shortages as its industry and population keep booming.

The alternative energy plans come as fears mount Vietnam could face severe power shortages from 2023 onward as its industry and increasingly energy-hungry population burgeon. By 2030, the country is expected to require about 130 gigawatts of electricity annually, more than double the 54 gigawatts it consumes currently.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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