Germany PNE’s 2 GW project in Vietnam redefined as 'nearshore' wind power
German renewable energy developer Pure New Energy's (PNE) $4.6 billion Hon Trau wind power project in Vietnam’s south-central province of Binh Dinh is classified as a nearshore wind power project.
Ho Quoc Dung, chief of Binh Dinh's Party Committee, made the statement at a Wednesday meeting with PNE. Binh Dinh province is committed to helping PNE in solving issues and deploying the project, he added.
As the project is now a nearshore wind power project, its feasibility is “very likely” to be endorsed as the Ministry of Industry and Trade will soon allocate wind power quota to Binh Dinh, Dung highlighted.
Ho Quoc Dung (right, second), chief of Binh Din's Party Committee, and PNE CEO Heiko Wuttke (left, second) at a meeting in Binh Dinh province, central Vietnam on March 5, 2025. Photo courtesy of Binh Dinh news portal.
For his part, Binh Dinh Chairman Pham Anh Tuan clarified that Hon Trau project was originally classified as an offshore wind power project. But the updated legal framework per the Electricity Law 2024 classified it as a nearshore one. This change will speed up the project implementation, he noted.
Binh Dinh had already suggested the trade ministry and the Prime Minister add Hon Trau project’s first phase of 750 MW to the amended Power development plan VIII (PDP VIII). The amendments are subject to approval this month, Tuan affirmed.
In reply, PNE CEO Heiko Wuttke said he expects the wind power quota, to be allocated to Binh Dinh and featuring both nearshore and land-based power, will include a portion for PNE project. PNE strives to cooperate with Binh Dinh authorities to deploy the project “as soon as possible,” he emphasized.
PNE started studying the $4.6 billion Hon Trau offshore wind power project in Vietnam in 2019. In November 2022, the company and the central coastal province of Binh Dinh signed a memorandum of understanding to deploy the project.
According to PNE, the project will be executed on Hon Trau island, 10 kilometers off the coast of De Gi estuary. The project is designed to have a capacity of 2,000 MW and be implemented in three phases. Some 50 turbines are slated to be installed in each phase.
- Related News
- Read More
Amid the rise of e-commerce, physical retail remains resilient
Shifting the focus from purchasing to experience-led environments that are engaging creates compelling reasons for visitors to stay longer, return more often, and ultimately drive footfall beyond products alone, write Savills Vietnam analysts.
Consulting - Tue, December 30, 2025 | 3:14 pm GMT+7
Vietnam competition watchdog summons VNG over Zalo user data terms
The Vietnam Competition Commission (VCC) has summoned tech unicorn VNG (UPCoM: VNZ) after its messaging app Zalo abruptly updated its terms of service, requiring users to agree or face account deletion.
Companies - Tue, December 30, 2025 | 2:36 pm GMT+7
Taseco Land rides investment wave, expands industrial property footprint in northern Vietnam
Amid the continued rise of FDI inflows into Vietnam and the ongoing shift of global supply chains, Taseco Land is gradually affirming its role as a long-term, strategically oriented industrial park developer.
Companies - Tue, December 30, 2025 | 1:39 pm GMT+7
Vietnam’s pharma export hits $312 mln in 2025, ranking 4th in Southeast Asia
Vietnam’s pharmaceutical market is maintaining steady annual growth of 6-8%, with total market value projected to rise from about $2.7 billion in 2015 to around $8 billion by 2026, making the country one of Asia’s fastest-growing drug markets, the Drug Administration of Vietnam reported.
Economy - Tue, December 30, 2025 | 1:13 pm GMT+7
FPT Telecom sets sights on top spot in Vietnam’s internet TV market
By securing exclusive rights to broadcast the English Premier League (EPL), FPT Telecom has underscored its ambition to become Vietnam’s leading internet television and digital services provider.
Companies - Tue, December 30, 2025 | 11:53 am GMT+7
Vietnam's credit growth to hit 19% in 2025, highest in many years: central bank
Vietnam’s credit growth has reached one of its highest levels in years, pushing the country’s credit-to-GDP ratio to the highest among lower-middle-income economies, according to the central bank.
Economy - Tue, December 30, 2025 | 8:51 am GMT+7
Novaland shares hit ceiling price after HCMC project resumption
NVL shares of Novaland, one of the major real estate developers in Vietnam, hit its ceiling price of VND14,150 ($0.54) on Monday, following news that its The Park Avenue project in Ho Chi Minh City resumed construction after eight years of delay.
Real Estate - Mon, December 29, 2025 | 10:16 pm GMT+7
Indonesia promotes waste-to-energy conversion
Facing mounting pressure from the rapid growth of household waste, Indonesia is accelerating initiatives to convert waste into energy (WtE) as a key pillar of its green growth and circular economy strategy.
Southeast Asia - Mon, December 29, 2025 | 8:01 pm GMT+7
Create Capital Vietnam, Haimaker.ai plan $1 bln AI data center network
Create Capital Vietnam (HoSE: CRC) and Haimaker.ai have unveiled plans to develop a nationwide network of AI-focused data centers in Vietnam, with a total designed capacity of 100 megawatts and investment of about $1 billion.
Industries - Mon, December 29, 2025 | 7:37 pm GMT+7
VinSpeed begins survey work for $5.3 bln high-speed railway in northern Vietnam
VinSpeed, a rail company founded by Vingroup chairman Pham Nhat Vuong, has begun survey work in Vietnam’s northern province of Bac Ninh for a proposed $5.3 billion high-speed railway linking Hanoi with the northern port province of Quang Ninh, local authorities said.
Infrastructure - Mon, December 29, 2025 | 4:42 pm GMT+7
Sacombank stake sale could be accelerated: broker
Broker Vietcap says the appointment of Nguyen Duc Thuy as acting CEO of Sacombank could signal more positive progress toward the long-delayed sale of a 32.5% stake in the lender currently held by the Vietnam Asset Management Company (VAMC).
Finance - Mon, December 29, 2025 | 4:15 pm GMT+7
Northern Vietnam province Hung Yen eyes building int’l airport after 2030
Hung Yen province, home to the $1.5 billion Trump International Hung Yen project, has proposed developing an international airport as part of its priority investment list for the 2026-2030 period, with a vision to 2050.
Infrastructure - Mon, December 29, 2025 | 4:01 pm GMT+7
Capital-raising race redraws Vietnam’s brokerage landscape
Vietnam’s securities firms are stepping up a race to raise capital to seize opportunities from the market’s upcoming status upgrade, with brokerages backed by parent banks gaining a clear edge.
Finance - Mon, December 29, 2025 | 3:44 pm GMT+7
Property 'heat' seen in central HCMC, outlying areas with good infrastructure
The heat in Ho Chi Minh City’s property market continues to be concentrated in the city center and selected outlying areas with well-developed infrastructure or projects backed by major developers like the Can Gio area.
Real Estate - Mon, December 29, 2025 | 2:18 pm GMT+7
HCMC real estate gains appeal as International Financial Center to take shape
With the establishment of an International Financial Center, Ho Chi Minh City will form an elite community of entrepreneurs and professionals from around the globe. This is very attractive for real estate investors, says architect Truong Van Quang, deputy secretary general of the Vietnam Urban Planning and Development Association (VUPDA).
Real Estate - Mon, December 29, 2025 | 8:00 am GMT+7
Taseco Group marks 20th anniversary, receives Second Class Labor Medal
Taseco Group in December 20 celebrated its 20th anniversary and received the Second Class Labor Medal – a prestigious award from the Party and State recognizing the company's outstanding contributions to socio-economic development.
Companies - Sun, December 28, 2025 | 12:55 pm GMT+7
