Prime Minister Phạm Minh Chính attended the oil and gas and offshore wind events with an investment capital of billions of US dollars in Bà Rịa-Vũng Tàu Province on December 1.
The amendments underway to the law on electricity are expected to remove the bottlenecks and a favourable environment for the development of gas-fired and offshore wind power projects, experts said at a conference on Wednesday.
According to the International Energy Agency (IEA), the oil and gas sector''s experience in executing offshore projects contributes significantly to sharing supply chains and technology.
The Ministry of Industry and Trade (MoIT) has submitted a report to the Government regarding the implementation of a pilot project for offshore wind power development, recommending that the private sector should not be assigned this task.
Experts at the event analysed challenges in offshore wind power development and share experience in the field, while giving their opinions on the feasibility of electricity projects and expected power prices.
Viet Nam Wind Power (VWP22) is an official industry event organised by the GWEC since 2018. It provides a platform for the Government and the sector to discuss pressing issues around the development of wind energy in Việt Nam.
The five-year cooperation agreement was signed as part of the celebrations of the 50th anniversary of Danish-Vietnamese diplomatic relations with a visit by their Royal Highnesses the Crown Prince and Crown Princess of Denmark.
The global offshore wind leader Ørsted and Viet Nam T&T Group hosted a workshop, discussing high-potential local suppliers of foundations and mechanical fabrication services.
Orsted Group from Denmark and T&T Group have proposed an offshore wind power development in central Ninh Thuan Province, according to local authorities.
Corio Generation of Macquarie Group (Australia) proposed researching an offshore wind power plant project with a capacity of about 1,000MW at the total investment of between $2 billion and $3 billion in Hai Phong City.
While Viet Nam plans a 7,000MW of offshore wind power by 2030, most of wind farm investors shared their concern about the bidding mechanism for the industry in a recent energy workshop in Ha Noi.