EVN proposes 4,000 MW offshore wind power in northern region

By Tri Duc
Thu, October 13, 2022 | 1:34 pm GMT+7

State utility Vietnam Electricity (EVN) has proposed that the government facilitates generation of 4,000 MW from offshore wind power plants in the northern region to ensure regional energy security.

In its proposal, EVN, the sole power distributor and the biggest producer in Vietnam, said the northern region currently accounts for 50% of power consumption in the country.

Dong Hai 1 wind power project in Tra Vinh province, southern Vietnam. Photo courtesy of Trungnam Group, the investor of the project.

Dong Hai 1 wind power project in Tra Vinh province, southern Vietnam. Photo courtesy of Trungnam Group, the investor of the project.

However, there are few new energy projects in the region and the high number of new projects in the central and southern regions offer limited help due to technical limitations in the 500 kV transmission line.

The limited supply of coal for power production was another challenge.

As a solution, EVN proposed the addition of 5,500 MW of renewable energy until 2025, including 4,000 MW of offshore wind power and 1,500 MW of solar power, along with suitable storage systems.

The sources of traditional energy have already maxed out, said Cao Thi Thu Yen, an expert with the EVN Power Engineering Consulting JSC 1 (EVNPECC1). "Therefore it was more feasible and viable to develop offshore wind power in the region."

Research has shown that at an attitude of 100 meters, the average wind speed is 7.5-8.5 meters per second. The Danish Energy Agency (DEA) has said that the technical potential of the region from on-land wind power generation is 18 GW.

Vietnam’s current wind power capacity is 4,000 MW and this could reach 16,121 MW of nearshore and land-based wind power and 7,000 MW of offshore wind power by 2030, said Pham Nguyen Hung, deputy head of the Electricity and Renewable Energy Authority (EREA), under the Ministry of Industry and Trade.

He added that some northern localities like Quang Ninh, Nam Dinh, Thai Binh provinces and Hai Phong city have already proposed offshore wind power projects.

Yen also said that the “decreasing requirements” in offshore wind power was an advantage for developing this source. The investment needed to generate 1,000 MW of offshore wind power in Vietnam will reduce from the current $3.15 billion to $2.15 billion in 2030, he added.

Comments (0)
  • Read More
Heat wave hammers Thailand's agriculture

Heat wave hammers Thailand's agriculture

The extreme heat across most of Thailand over the past time has seriously affected production, socio-economic and the environment in the Southeast Asian country “as never seen before”, experts said on Wednesday.

Southeast Asia - Thu, May 9, 2024 | 10:41 pm GMT+7

Singapore urges better stem cell bank supervision

Singapore urges better stem cell bank supervision

Singapore has asked Cordlife, one of Asia's largest stem cell bank providers, to tighten supervision of its processes after improper handling ruined thousands of samples, an official has said.

Southeast Asia - Thu, May 9, 2024 | 10:40 pm GMT+7

Peugeot halts sales in Indonesia

Peugeot halts sales in Indonesia

PT Astra International, the largest distributor of Peugeot vehicles in Indonesia, has announced the cessation of Peugeot vehicle sales, ending the French brand’s 52-year presence in the Southeast Asian country.

Southeast Asia - Thu, May 9, 2024 | 10:37 pm GMT+7

Indonesia to extend copper export permit

Indonesia to extend copper export permit

Indonesian President Joko Widodo on Wednesday said the country will extend the copper concentrate export permit for Freeport Indonesia and Amman Mineral Nusa Tenggara, which is set to expire on May 31, 2024.

Southeast Asia - Thu, May 9, 2024 | 10:36 pm GMT+7

$27 bln fraud case shows issues, but no new risks to Vietnam's banking system: Fitch

$27 bln fraud case shows issues, but no new risks to Vietnam's banking system: Fitch

A massive fraud case involving a missing $27 billion related to Saigon Commercial Bank (SCB) with links to real estate tycoon Truong My Lan has exposed financial supervisory shortcomings in Vietnam, Fitch Ratings said in a note earlier this week.

Banking - Thu, May 9, 2024 | 10:27 pm GMT+7

Vietnamese startups chosen for PepsiCo’s top 10 Greenhouse Accelerator APAC

Vietnamese startups chosen for PepsiCo’s top 10 Greenhouse Accelerator APAC

PepsiCo has chosen its top 10 candidates for the 2024 Greenhouse Accelerator Program, including carbon reduction solutions startup Alternō and waste recycling firm Grac from Vietnam.

Companies - Thu, May 9, 2024 | 4:49 pm GMT+7

Second VSIP industrial park in Quang Ngai province set for construction in Oct 2025

Second VSIP industrial park in Quang Ngai province set for construction in Oct 2025

The construction of VSIP II Quang Ngai industrial park in Quang Ngai province, per Vietnam-Singapore Industrial Park (VSIP) model, is set to begin in October 2025, said the project investor.

Industrial real estate - Thu, May 9, 2024 | 4:32 pm GMT+7

World Bank Vietnam has new country director

World Bank Vietnam has new country director

The World Bank has appointed Mariam Sherman as new country director for Vietnam, Cambodia, and Laos, effective May 1, 2024.

Economy - Thu, May 9, 2024 | 4:12 pm GMT+7

Gold bullion prices in Vietnam still head north, US dollar strengthens

Gold bullion prices in Vietnam still head north, US dollar strengthens

Prices of SJC-branded gold bars have been revised up continuously on Thursday, reaching a record high in the early afternoon, while the U.S. dollar gained against the Vietnamese dong.

Finance - Thu, May 9, 2024 | 3:43 pm GMT+7

Tra Vinh province calls for investments in eight wind power projects

Tra Vinh province calls for investments in eight wind power projects

Vietnam’s Mekong Delta province of Tra Vinh is calling for investments in eight wind power projects with a total capacity of 464 MW, part of its investment promotion program for 2024.

Energy - Thu, May 9, 2024 | 3:03 pm GMT+7

Shares of Vietnam’s realty major Novaland sink on serial bad news

Shares of Vietnam’s realty major Novaland sink on serial bad news

A series of negative news has pushed market prices of leading real estate developer No Va Land Investment Group Corporation (Novaland) down 25% over the past month.

Companies - Thu, May 9, 2024 | 2:37 pm GMT+7

Vietnam leads Southeast Asia in Global Minimum Tax implementation: expert

Vietnam leads Southeast Asia in Global Minimum Tax implementation: expert

Vietnam has made fast progress and leads Southeast Asia in implementing the Global Minimum Tax (GMT), said Jonathan Pemberton, a senior advisor with the Washington D.C-based International Tax and Investment Center.

Economy - Thu, May 9, 2024 | 12:12 pm GMT+7

AG&P LNG to start operating southern Vietnam LNG terminal in Sept

AG&P LNG to start operating southern Vietnam LNG terminal in Sept

Singapore-headquartered AG&P LNG, a subsidiary of the U.S.-based Nebula Energy, plans to start commissioning the Cai Mep LNG terminal in Vietnam’s southern province of Ba Ria-Vung Tau in September.

Energy - Thu, May 9, 2024 | 10:23 am GMT+7

Japan’s Erex to build 50 MW biomass power plant in northern Vietnam

Japan’s Erex to build 50 MW biomass power plant in northern Vietnam

Japan's renewable energy firm Erex Co., Ltd. has received an investment registration certificate to build a 50-megawatt biomass power plant in Vietnam’s northern mountainous province of Yen Bai.

Energy - Thu, May 9, 2024 | 10:15 am GMT+7

Thailand extends visa waiver plan to attract tourists

Thailand extends visa waiver plan to attract tourists

The Thai cabinet on Tuesday approved a plan to extend visa exemption for tourists from India and Taiwan for six more months, as the country is seeking to boost the number of foreign arrivals from the two major markets.

Southeast Asia - Thu, May 9, 2024 | 8:42 am GMT+7

Indonesia economy grows 5.11% in Q1, beats forecast

Indonesia economy grows 5.11% in Q1, beats forecast

Indonesia's economy, the largest in Southeast Asia, expanded 5.11% in the first quarter of this year, higher than the 5.04% recorded in the same time last year and economists’ expectation of 5%.

Southeast Asia - Thu, May 9, 2024 | 8:39 am GMT+7