A major shift is expected, with projections indicating that by 2050, investment in offshore wind energy will account for up to 50% of total capital, while oil and gas will drop to 25%.
Workshop held to introduce the opportunities offshore wind power development in south-central province can bring and its ability to coexist with other marine activities.
Ambassador of Norway to Vietnam, H.E. Hilde Solbakken, spoke with VET about the potential for cooperation between Vietnam and Norway in offshore wind power.
With a long coastline and favorable wind conditions, Vietnam has great potential to become one of the world’s leading offshore wind power markets. Eager to participate in the process, Equinor - Norway’s largest energy company - has established a representative office in Hanoi to support Vietnam in its green transition as well as its international commitments on the climate and the environment.
On September 9, during his official visit to Belgium, National Assembly Chairman Vuong Dinh Hue witnessed the signing of a memorandum of understanding with the country’s T&T Group and Danish sustainable energy company Ørsted on strategic cooperation in Vietnam’s offshore wind power sector. The two companies will invest about $30 billion to build offshore wind power projects in south-central Binh Thuan and Ninh Thuan provinces, with a total installed capacity of nearly 10 GW.
