US-based Pacifico Energy commits to expand investment in Vietnam

Chairman of US-based Pacifico Energy (PE) Nate Franklin highlighted PE’s commitment to expanding its investment in Vietnam’s energy sector, including multi-billion-dollar offshore wind projects, during a meeting with Prime Minister Pham Minh Chinh in Hanoi on March 12, according to a report from the Vietnam News Agency.

Mr. Franklin stressed that Vietnam possesses uniquely advantageous wind energy resources, with its long coastline, strong wind speeds, and a seabed topography well-suited for offshore wind farm construction.

PM Chinh welcomed PE’s plan and commitment to investing in Vietnam’s energy sector, particularly its survey for an offshore wind power project in the south central coastal province of Binh Thuan.

The Government leader encouraged PE to expand investment and collaboration with Vietnamese businesses in green transformation, clean energy, and renewable energy, particularly regarding offshore wind and solar power projects.

He also called for the company’s investment in Vietnam’s electricity grid and transmission infrastructure to bolster energy security.