By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
  • Multimedia
    • Podcast
    • Videos
    MultimediaShow More
    [HTV] Net Zero Through Heritage
    NetZero.VN 11/03/2025
    Carbon credit market: New opportunities for Vietnamese businesses
    Vietnam News Agency 29/05/2024
    Vietnam works to prevent biodiversity degradation
    Vietnam News Agency 16/04/2024
    Vietnam develops offshore hydrogen production
    Vietnam News Agency 10/03/2024
    Green energy – A trend in sustainable development
    Vietnam News Agency 07/01/2024
Notification Show More
Font ResizerAa
NetZero.VN - Net Zero Viet NamNetZero.VN - Net Zero Viet Nam
Font ResizerAa
  • English
    • Tiếng Việt
  • Home
  • News / Events
    • Events
    • Cà phê Net Zero
    • Net Zero Talks
  • Opinion
  • Projects
  • Forums
  • Topics
    • Agriculture – Forestry
    • Construction & Transport
    • Culture, Sports, Tourism
    • Education & Communication
    • Energy
    • Finance
    • Industry
    • Policies
    • Resources & Environment
    • Science & Technology
    • Sustainable Development
  • Resources
    • Legal documents
    • Presentations
    • Publications
    • Reports
  • Multimedia
    • Podcast
    • Videos
Follow US
© 2023-2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
NetZero.VN - Net Zero Viet Nam > Topics > Energy > Offshore power projects lure investors
EnergyNews

Offshore power projects lure investors

New investors are eager to prepare for their ambitions to develop offshore power projects in Vietnam.

Vietnam Investment Review 22/10/2023
SHARE
It takes 5-11 years to implement an offshore wind power project

Local private company Xuan Cau Holding sent an official letter requesting a proposal to the government and ministries to build offshore wind power under the pilot mechanism and apply for a survey permit for its project.

The Con Co offshore wind power plant project was proposed by Xuan Cau Holding, with a capacity of 1,000MW, construction location in the waters off Con Co Island and Gio Linh district in the central province of Quang Tri.

The southern province of Hau Giang also wants to add the Long My 2 wind power plant project to the national power development plan VIII.

The project is invested by Hong Kong-based Envision Energy (Hong Kong) Limited and helps fulfill the power demand of the province and reduce dependence on electricity transmitted from other areas.

Sources from the Ministry of Industry and Trade (MoIT) said that to date, the ministry has received investment proposals for new power plants with a capacity of up to 550,000MW from localities. Notable among these is the proposal to invest in offshore wind power of up to 129,000MW.

Among the localities boldly proposing to build offshore wind power is the central province of Binh Thuan, with proposals for eight projects with a scale of more than 22,000MW. Not to be outdone, the central province of Ninh Thuan has proposed 21,000MW of offshore wind power.

In the north, we must mention the northern port city of Haiphong, with a proposed offshore wind power project of 3,900MW.

The northern province of Quang Ninh proposes 3,000MW of offshore wind power. The northern province of Thai Binh proposes about 8,000MW of offshore wind power from two projects. While the northern province of Nam Dinh proposed adding 12,000MW of offshore wind power in four phases.

Vietnam’s Power Development Plan VIII set a target to ease the share of renewable energy to 31-39 per cent by 2030 and 67.5 – 71.5 per cent by 2050, in which onshore wind power to be developed to a capacity of 21,880MW by 2030 and offshore wind power to be developed to a capacity of 6,000MW.

Further development of offshore wind power will rise to a capacity of 70,000 to 91,500MW by 2050 – if technology capabilities and costs allow.

Previously, Bui Van Thinh, chairman of the Binh Thuan Wind Power Association, warned that the characteristics of wind power projects were large investment rates of about $1.8-2 million per MW for projects using equipment of European origin.

“Therefore, the risks of wind power projects are also much higher than other sources. If too much wind power capacity is introduced without a grid to release all the capacity, it will cause great damage to investors and society, especially banks that cannot recover debts,” he said.

Nguyen Thu

TAGGED:offshore power
SOURCES:Vietnam Investment Review
Previous Article Indonesia plans to develop affordable new energy sources
Next Article JETP helps transform Viet Nam’s economy towards green, low-carbon, climate-resilient manner
Latest

Viet Nam develops emission reduction and climate change adaptation targets for the 2026-2035 period

Vietnam, UK sign clean energy, green finance partnerships

Low-carbon materials tested for coastal construction

Vietnam needs more clean energy, highly-skilled labor to capture semiconductor investment wave: exec

Vietnam must speed up energy transition to meet net-zero goal: expert

Vietnam plans to pilot carbon credit exchange by late 2026

France pledges $550 million to support Vietnam’s energy transition

For a greener Mekong Delta

PM Chính attends Asia Zero Emission Community Leaders Meeting

Low-emission crops to increase export prices of products

Facebook Youtube Instagram Tiktok X-twitter Linkedin
NETZERO.VN
  • About us
  • Our team
  • Strategic Partners
  • Contact
Infomation
  • Projects
  • Forums
  • Multimedia
  • Recruitment

Sign up for free

Subscribe to our newsletter

Join the community
© 2025 NetZero.VN | Net Zero VietNam JSC. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?