Prime Minister Pham Minh Chinh said the Government has assigned the National Oil and Gas Group ( Petrovietnam ) to study the construction of offshore power transmission lines and promote offshore wind power.
The information was announced by Prime Minister Pham Minh Chinh when receiving Mr. Robert Helms, Member of the Board of Directors of Copenhagen Infrastructure Partners Group (Denmark) and Mr. Ian Hatton, Chairman of Enterprize Energy Group (UK), on December 3 on the occasion of attending COP28 in Dubai (UAE).
The Government leader thanked the two corporations for their interest in investing in Vietnam's wind power sector, contributing to the implementation of the commitment to achieve net zero emissions by 2050. After declaring the commitment to achieve net zero emissions by 2021, Vietnam has implemented 12 groups of solutions, including the policy of strongly developing the renewable energy industry.
The Prime Minister said that he has assigned Petrovietnam to study the construction of an offshore power transmission line, "this is very new in Vietnam". Vietnam also signed an agreement to sell renewable energy to Singapore, so it will build a power transmission line to this country.
Vietnam will survey offshore wind power reserves and suitable power transmission systems. These projects under study are in line with Power Plan 8. "The important issues are prices and power transmission systems," the Prime Minister said.
The Prime Minister shared that developed countries have different electricity prices than developing countries. Therefore, electricity prices must be harmonized between both sides.
Prime Minister Pham Minh Chinh met with Mr. Robert Helms, Member of the Board of Directors of Copenhagen Infrastructure Partners Group (Denmark) and Mr. Ian Hatton, Chairman of Enterprize Energy Group (UK) on the morning of December 3. Photo: Nhat Bac
Vietnam has huge offshore wind power potential of 600 GW, so the Prime Minister hopes that corporations will have specific projects and put them into operation soon. "Vietnam is a tropical monsoon country, with many conditions to realize the policy of developing the renewable energy industry," said the Prime Minister.
At the same time, Vietnam will continue to build institutions to develop the renewable industry, prioritizing attracting investors through tax, price, land policies, etc. Any problems that investors encounter will be resolved and handled by Vietnamese authorities. The spirit is to quickly complete a few projects to gain experience for expansion.
Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that wind reserves and offshore wind potential in Vietnam will help make investment projects feasible.
Petrovietnam General Director Le Manh Hung said that the group is surveying offshore wind reserves on the entire continental shelf of Vietnam, building a database for the Government to call for investment and have appropriate policies. The group is cooperating with many large enterprises in the world to build a list of offshore wind power projects to report to the Government. Training of human resources for the renewable energy industry is also being promoted. Vietnam strives to master the technology of building offshore wind power projects.
At the meeting, Mr. Robert Helms, Member of the Board of Directors of CIP Group - the world's largest green energy group with a scale of 25 billion USD, with many offshore wind power projects in the US, Taiwan, and Korea - said that he plans to invest more than 110 billion USD in the renewable energy sector by 2030.
In Vietnam, CIP has signed a contract worth 200 million USD and is expected to sign another contract worth 350 million USD. CIP is studying the development of La Gan offshore wind power with a total capacity of 3.5 GW in Binh Thuan province with a total expected investment of 10.5 billion USD. Procedures are being completed to implement the project.
According to Mr. Ian Hatton - Chairman of Enterprize Energy Group (EE), a British multi-industry corporation - the main activities of this enterprise are in the field of exploiting marine natural resources, developing energy including oil and gas, offshore wind power, onshore wind power, and thermal power.
In Vietnam, EE has cooperated with Societe Generale (France), Vestas (Denmark), ODE (UK) to develop the Thang Long Wind Complex in Binh Thuan province. The project consists of two components: Thang Long Wind (TLW) to connect to the national grid, with a capacity of 3,400 MW, total investment of 11.9 billion USD and Thang Long Wind 2 (TLW2) to produce and export hydrogen energy from water electrolysis, with a total capacity of 2,000 MW, total investment of 5 billion USD.
EE plans to put the Thang Long Win and Thang Long Win 2 projects into commercial operation in 2029, "which will be the focus of the group's operations". Mr. Ian Hatton will continue to discuss with Vietnam Electricity Group on the electricity price mechanism.
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