Vietnam announced on July 31 that US energy company AES Corp plans to develop a major offshore wind farm in Vietnam that could potentially increase the nation's wind power capacity.
AES has yet to respond to a Reuters request for comment.
According to the Ministry of Industry and Trade, the wind farm is estimated to cost $13 billion, with a combined capacity of 4,000 megawatts (MW) and would be located off Vietnam's central province of Binh Thuan.
Vietnam has 4 GW of operating offshore wind so far. This 4-GW project would move Vietnam closer to its goal of having 11.7 GW of offshore wind power generation capacity in service by 2030. The country also wants to reach 66 GW of offshore wind in operation by 2045.
The ministry said in a statement that the energy company submitted a letter of intent to develop the project and also discussed with the officials about hydrogen, power storage and nuclear energy during a recent U.S.-Vietnam energy security conference in Washington, D.C.
Vietnam has pledged to become carbon-neutral by 2050. The ministry has asked the government to cancel at least 14.2 GW of future coal-fired power projects from a draft of a national master power development plan.