Wind Energy – Vietnam
Corio Generation has signed a joint development agreement with Fecon from Vietnam, for a proposed 500 MW offshore wind farm in Ba Ria, Vung Tau province, Vietnam.
The proposed 500 MW Vung Tau offshore wind farm, located 23-35 kilometres from the coast, could be among the first large-scale offshore wind projects to be built in Vietnam, once licences and approvals are obtained, Corio said.
Once constructed, the fixed-bottom project could produce around 1,250 GWh of clean electricity and avoid more than 600,000 tonnes of carbon emissions a year, according to an analysis by the Green Investment Group.
”With its vast wind resources, Vietnam can be a South-east Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities,” Jonathan Cole, CEO of Corio Generation, said.
”The team in Hanoi has been examining opportunities across the country for many years. We are looking at a number of potential projects and partnerships, demonstrating Corio’s commitment towards offshore wind in Vietnam. Our strategy is to work and collaborate with the most reputable and capable local companies. We are therefore excited to be signing this joint development agreement for the Vung Tau project with FECON, a leading infrastructure and energy group with a strong track record including in wind and solar energy.”
Corio is a global offshore wind business and a portfolio company of Macquarie’s Green Investment Group, operating on a standalone basis. The business has one of the world’s largest offshore wind development portfolios, at over 20 GW.