German firm hopes to build $1.5 bln offshore wind farm in Vietnam

Binh Dinh Province has given approval to a German company to study the possibility of building the country’s second offshore wind power plant. PNG AG will carry out a year-long study for a $1.5-billion wind power plant in the districts of Phu Cat and Phu My.

The company, which has over 20 years of experience in renewable energy, had earlier proposed building a 500-700-MW power plant in the province, its first project in the country.

The first offshore wind power plant, the 99MW Bac Lieu Wind Power Project in the southern province of the same name, went on stream in 2016.

It is expected that in 2021-30, for which period the national plan is being drafted, the country will need 30 GW of wind and solar power.

There are 11 wind farms in the country with a total capacity of 429 MW, according to Vietnam Electricity (EVN).