VinEnergo proposes no sea survey for offshore wind power projects

VinEnergo, an energy arm of Vietnamese conglomerate Vingroup (HoSE: VIC), has proposed no sea survey for offshore wind power projects.

It made the suggestion to the Ministry of Industry and Trade as the latter seeks comments on its amended draft decree covering direct power purchase agreement (DPPA) and new and renewable energy development.

The energy startup proposed that investors can utilize existing survey data from reputable domestic or international organizations, instead of being mandated to conduct new, direct surveys.

VinEnergo argued this would optimize costs and time, align with international practices, and avoid the duplication of resources.

In response, the minsitry stated that while these suggestions are noted, they fall outside the scope of the current decree. Such suggestions will be considered in another draft resolution of the National Assembly, the country's legislative body.

Vietnam currently has no offshore wind power projects. According to the adjusted eighth Power Develoment Plan (PDP VIII), the country aims to have 6,000 MW of offshore wind capacity by 2030, 17,500 MW by 2035, and between 113,000 and 139,000 MW by 2050.

A potential development was German renewable energy developer Pure New Energy's (PNE) investing $4.6 billion in Hon Trau wind power project. The project, in the former south-central province of Binh Dinh (now part of Gia Lai province), was "redefined" as a nearshore wind power in March 2025.