Corio Generation is planning to develop an offshore windfarm in Vietnam, a country with huge offshore wind potential
It has signed a joint development agreement with FECON, a leading Vietnamese construction and infrastructure group, for the 500-MW Vung Tau project in Ba Ria, Vung Tau province. The site for the Vung Tau offshore windfarm is 23-35 km from the coast.
The project could be among the first large-scale offshore wind projects to be built in Vietnam once licences and approvals are obtained.
Once constructed, the fixed-bottom project could produce around 1,250 GWh of clean electricity and avoid more than 600,000 tonnes of carbon emissions a year, according to an analysis by the Green Investment Group.
Corio Generation chief executive Jonathan Cole said, “With its vast wind resources, Vietnam can be a southeast Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities.
“Our team in Hanoi has been examining opportunities across the country for many years. We are looking at a number of potential projects and partnerships in Vietnam.
“Our strategy is to work and collaborate with the most reputable and capable local companies. We are therefore excited to be signing this joint development agreement with FECON, which has a strong track record, including in wind and solar energy.”
