offshore wind power
While Vietnam 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 Hanoi.
Infrastructure Investment and Transportation Construction Joint Stock Company (Intracom) met with Quang Tri Province to discuss the research of the first-ever offshore wind farm in the province.
The World Bank has recommended 20 actions that address three priority themes for Vietnam’s successful offshore wind industry.
Offshore wind power is poised to become a key pillar of the nation’s energy transition, and its rapid development is imperative for Vietnam’s net emissions reduction. However, issues remain with policy frameworks and grid capacity.
Vietnam could become an emerging wind power market if it removes existing barriers to its progress, experts have said.
Vietnam’s offshore windpower potential is great, and the opportunities to develop it must not be missed just because of difficulties in the development of this new industry.