Doosan Heavy Industries & Construction Co. said today that it has signed an initial agreement with Vietnam’s state-run power monopoly Vietnam Electricity for a pilot offshore wind farm project.
The South Korean power equipment maker said it will supply energy storage systems and other equipment for the construction of the 3-megawatt capacity wind farm in the Southeast Asian country.
Vietnam Electricity will secure the site for the pilot project and handle administrative processes, including government approval, according to Doosan Heavy.
It marked the first time that Doosan Heavy has made inroads into a foreign offshore wind power generation sector.
“The accomplishment will be a major turning point in Doosan Heavy’s renewable energy project,” Doosan Heavy CEO Park Gee-won said Thursday in a signing ceremony of the memorandum of understanding with his counterpart from Vietnam Electricity in Hanoi.
Park also expressed hope that Doosan Heavy and Vietnam will cooperate in the wind power industry going forward.
The corporate chief and other South Korean business leaders are accompanying President Moon Jae-in on his visit to the Southeast Asian country.
Last year, Doosan Heavy built South Korea’s largest offshore wind farm in waters near the southern resort island of Jeju.