Danish group signs offshore wind power substation EPC contract with Vietnam firm

By Minh Hue
Sun, October 15, 2023 | 10:07 am GMT+7

Danish Copenhagen Infrastructure Partners (CIP), a leading global offshore wind farm developer, has selected a consortium made up of Vietnam's PTSC M&C and Denmark-based Semco Maritime as the offshore substation supplier for its 500-MW Fengmiao offshore wind farm in Taiwan.

To this effect, an offshore substation engineering procurement and construction (EPC) contract was signed between the two sides in Ho Chi Minh City in early October.

In November 2022, CIP signed a memorandum of understanding (MoU) with PTSC M&C and Semco Maritime to promote cooperation in the engineering procurement and construction of offshore substations in Vietnam as well as other Asian and international markets.

This was the foundation for CIP to expand its global cooperation by including PTSC M&C on its list of preferred suppliers for projects in Taiwan, Japan and other elsewhere.

Following the MoU signing, a number of CIP senior leaders led by CEO Jacob Poulsen visited PTSC M&C's manufacturing site in the southern province of Ba Ria-Vung Tau to discuss the supply of offshore substations for the former's projects in Vietnam and globally.

“This is purely the ‘tip of the iceberg’ in terms of the opportunities that offshore wind in Vietnam itself can deliver to local businesses, employment, and upskilling in the labor market,” said Stuart Livesey, CEO of Copenhagen Offshore Partners Vietnam and representative of CIP in Vietnam.

Representatives of Danish Copenhagen Infrastructure Partners (CIP), Vietnam's PTSC M&C and Denmark-based Semco Maritime sign a contract to supply offshore substations for the Fengmiao offshore wind farm in Taiwan. Photo courtesy of PetroTimes.

Representatives of Danish Copenhagen Infrastructure Partners (CIP), Vietnam's PTSC M&C and Denmark-based Semco Maritime sign a contract to supply offshore substations for the Fengmiao offshore wind farm in Taiwan. Photo courtesy of PetroTimes.

Claire Lohan, CEO of the Fengmiao project, said this is a large-scale contract signed for the project, based on the capacity of suppliers in the region, specifically PTSC M&C in Vietnam.

Meanwhile, CEO Dong Xuan Thang of PTSC M&C, a subsidiary of the Petrovietnam Technical Services Corporation (PTSC), said the Fengmiao project continues to expand PTSC M&C's track record in the offshore wind sector.

“We hope the success of the project will be a strategic milestone between PTSC M&C and CIP, so that we can provide offshore substations for their other projects in the region, especially in Vietnam,” he stressed.

CIP is one of the world's top three offshore wind power developers and the largest renewable energy investor in the world, with more than 50 gigawatts of offshore wind power being developed, constructed and operated globally.

In Taiwan, CIP has developed two offshore wind projects, Changfang Xidao and Zhong Neng, with a total capacity of about 900 MW. Its third project there is the 500 MW Fengmiao offshore wind farm, located about 35km off the coast of Taichung in central Taiwan.

In Vietnam, the Danish group is developing the La Gan offshore wind power project off the coast of Binh Thuan province in the south-central region.

PTSC M&C, established in 2001, specializes in providing EPC and engineering design, purchasing-trading-fabrication, construction, installation and commissioning-maintenance (EPCIC) services for oil and gas and renewable energy projects. So far, it has handed over 80 oil and gas projects such as central processing platforms, wellhead platforms, and subsea modules to domestic and international projects.

Meanwhile, Semco Maritime, headquartered in Denmark, is an international engineering and contracting company dedicated to projects in the energy sector. It delivers optimal solutions in the transition to clean energy and ensures responsible fossil fuel exploitation processes.

Comments ( 0)
  • Read More
Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.

Economy - Mon, June 15, 2026 | 6:48 pm GMT+7

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

Companies - Mon, June 15, 2026 | 4:52 pm GMT+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GMT+7

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.

Economy - Sun, June 14, 2026 | 2:45 pm GMT+7

50 years of Gamuda Berhad and its urban development journey in Vietnam

50 years of Gamuda Berhad and its urban development journey in Vietnam

Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.

Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7

Industrials, technology top Vietnamese sectors in M&A transaction volume

Industrials, technology top Vietnamese sectors in M&A transaction volume

Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.

Consulting - Sun, June 14, 2026 | 9:00 am GMT+7

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.

Companies - Sun, June 14, 2026 | 8:00 am GMT+7

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.

Companies - Sat, June 13, 2026 | 7:45 pm GMT+7

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.

Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC)⁠ targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities⁠.

Companies - Sat, June 13, 2026 | 3:07 pm GMT+7

Vietnam economy resilience amid cost pressures, external strains: UOB

Vietnam economy resilience amid cost pressures, external strains: UOB

The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.

Consulting - Sat, June 13, 2026 | 11:49 am GMT+7