Offshore staff
FREDERICIA, Denmark – Ørsted and T&T Group have signed a memorandum of understanding (MOU) to launch a strategic collaboration on offshore wind in Vietnam.
The collaboration between the two companies brings together a multi-GW pipeline of greenfield offshore wind projects located off the coasts of the Binh Thuan and Ninh Thuan provinces. These are said to be Vietnam’s most suitable areas for offshore wind development.
Both partners will apply their capabilities to mature this pipeline and work to support the development of an effective regulatory framework for offshore wind and a new industry in Vietnam.
With more than 3,200 km (1,988 mi) of coastline and high consistent wind speeds, Vietnam has some of the best conditions for developing offshore wind in Asia, according to Ørsted. The World Bank Group estimates the country’s offshore wind potential to be up to 500 GW. Also, Vietnam’s rapidly growing demand for power means there is an urgent need for new large-scale reliable power sources in the coming decades.
Matthias Bausenwein, president of Ørsted Asia Pacific, said: “We believe that offshore wind is one of the best ways for Vietnam to meet its rapidly growing power demand as this is a utility-scale, reliable, and domestic power source which, if deployed at large scale and with the right framework, can be competitive with coal and gas-fired power stations.”
09/09/2021
