Danish infrastructure fund, Vietnamese steel firm to build offshore wind power structures

Denmark’s Copenhagen Infrastructure Partners (CIP) and Vietnam’s steel structure manufacturer Dai Dung Corp. have signed an agreement on building offshore wind power structures.

The two signed a memorandum of understanding for building steel structures and monopile bases on Tuesday, on the sidelines of a conference on developing offshore wind power in the central province of Binh Thuan.

The deal marked collaboration between strong businesses of both countries, contributing to the nation’s target of reducing carbon emissions via renewable energy development, officials said.

Binh Thuan Vice Chairman Phan Van Dang said the province always backs and facilitates investments in offshore wind power.

In Vietnam, Dai Dung is well known as the only Vietnamese provider of steel structures for two of the eight stadiums hosting the 2022 football World Cup games in Qatar. The group’s supplies were used in building the iconic Lusail Stadium and Stadium 974. It provided part of the steel structure for the Lusail Stadium and the entire steel structure for Stadium 974.

CIP currently manages 10 funds worth $19 billion and is developing more than 30 GW of offshore wind power in the U.S., the UK, Germany, Australia, Japan, South Korea, Taiwan and other places. It is developing the $10.5-billion La Gan offshore wind power project in Binh Thuan, with a capacity of 3,500 MW.

CIP has signed four sea survey contracts and memoranda of understanding with power suppliers in Vietnam, including one on transformer stations for the La Gan project and another for use of the province’s Vinh Tan port during project deployment.