T&T Group and Orsted of Denmark cooperate to take a position 30 billion USD in offshore wind energy growth in Vietnam

On September 9, 2021, T&T Group of businessman Do Quang Hien and Orsted – the world’s main sustainable vitality company formally signed a Memorandum of Understanding (MoU) on strategic cooperation within the discipline of vitality conservation. offshore wind energy sector in Vietnam.

This strategic partnership guarantees to deliver a big provide of renewable vitality by means of newly invested offshore wind energy initiatives in Binh Thuan and Ninh Thuan provinces, with an estimated complete put in capability of practically 10 GW and complete funding worth of about 30 billion USD (anticipated to be phased in funding in 20 years).

Accordingly, the 2 teams will use their expertise and capability to deliver into full play the strengths and talents of every social gathering to deliver constructive results to the initiatives, and on the identical time contribute to selling and supporting the formation of the undertaking. and develop an efficient infrastructure, provide chain, and regulatory framework for offshore wind energy in Vietnam. Instantly after the signing ceremony, the 2 sides will proceed to check and plan offshore wind energy initiatives in accordance with the nationwide electrical energy grasp plan, and submit them to the competent authorities of Vietnam for consideration and approval.

With greater than 3,200 km of shoreline and constantly excessive wind speeds, Vietnam is taken into account to have among the greatest situations for offshore wind growth in Asia. In accordance with the World Financial institution, the estimated offshore wind energy potential of Vietnam is about 500 GW.

Headquartered in Denmark and a majority stake owned by the Danish Authorities, ├śrsted is a world chief in offshore wind energy with greater than 6,000 staff. To this point Orsted has developed and constructed 28 offshore wind farms with a mixed put in capability of seven.6 GW of offshore wind capability and a couple of.Three GW beneath building. Orsted’s aim is to put in 30GW of complete offshore wind capability worldwide by 2030.

In the meantime, T&T Group can be investing closely in renewable vitality: in 2020, T&T Group has put into operation four solar energy crops with a complete capability of 245 MWp. In 2021, T&T Group plans to place into operation 5 wind energy crops in potential localities throughout the nation with a complete capability of 530 MW.

In accordance with the plan, within the subsequent 10 years, the ability provide capability of T&T Group (LNG and renewable vitality) is predicted to succeed in about 10,000 – 11,000 MW, accounting for about 8% of the entire put in capability of the system’s energy sources. Vietnam electrical energy.

  T&T Group and Orsted of Denmark cooperate to invest 30 billion USD to develop offshore wind power in Vietnam - Photo 1.

On the identical day, September 9, T&T Group and Good Common Logistics NV (SUL) – Belgium’s main company in sustainable vitality growth and environmental infrastructure additionally signed a Memorandum of Understanding on cooperation within the growth of suppliers. wind vitality desalination machine to supply recent water for agriculture and aquaculture in Vietnam.

Accordingly, T&T Group and SUL will coordinate with the Nationwide Institute of Agricultural Planning and Forecasting (MARD) to construct a pilot system of wind vitality desalination of river water referred to as “WATER-BY-” WIND” (WBW) in Ninh Thuan province. After the profitable trial, the 2 sides will conduct a survey on the opportunity of establishing a community of WBW methods in lots of provinces and cities of Vietnam which are closely affected by saline intrusion and inundation; On the identical time, we goal to construct a WBW system manufacturing facility in Vietnam to scale back manufacturing prices and be proactive in expertise.

The desalination expertise used on this wind-making water undertaking is a complicated expertise powered by renewable vitality resembling wind and photo voltaic, benefiting from nature and being environmentally pleasant. From there, it should create an efficient resolution, adapting to drought and salinity, and serving to to make use of water assets higher. In Europe, SUL has intensive expertise in creating wind farms and creating water desalination. SUL invented and patented a mannequin of a wind-powered river water desalination system.

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