German firm hopes to build $1.5 bln offshore wind farm in Vietnam
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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).
Questions & Answers
Q.What is the estimated cost of the proposed offshore wind farm?
What is the estimated cost of the proposed offshore wind farm?
The German company PNG AG plans to build a $1.5-billion offshore wind power plant. This substantial investment is for a project in the districts of Phu Cat and Phu My.
Q.How large a power plant did PNG AG initially propose for the province?
How large a power plant did PNG AG initially propose for the province?
PNG AG had previously proposed constructing a 500-700-MW power plant in the province. This initial project would have marked their first venture in the country.
Q.When did Vietnam's first offshore wind power plant become operational?
When did Vietnam's first offshore wind power plant become operational?
Vietnam's first offshore wind power plant, the 99MW Bac Lieu Wind Power Project, began operating in 2016. It is located in the southern province of the same name.
Q.How much wind and solar power does Vietnam anticipate needing by 2030?
How much wind and solar power does Vietnam anticipate needing by 2030?
Vietnam is expected to require 30 GW of wind and solar power during the period of 2021-30. The national plan for this energy demand is currently being drafted.
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