CIP Group with the ambition to develop offshore wind power in Vietnam

Target in Vietnam

The draft Power Plan VIII did not develop solar power, only increased wind power capacity, including offshore wind power reaching 7GW by 2030 (including about 4,000 MW in the Gulf of Tonkin and about 3,000 MW along the shelf on the shelf. southern continent).

But so far, only 3 offshore wind power projects in Vietnam have been officially licensed: Firstly, the Ke Ga offshore wind farm (Thang Long offshore Wind) of Enterprize Energy (UK) in Binh Thuan with a scale of 3,400MW, the total investment is estimated at nearly 12 billion USD. Second, the offshore wind farm Mainstreams - Phu Cuong Soc Trang with a ranking of 1,400MW, a total investment of 3.5 billion USD.

Third, La Gan offshore wind farm of Asia Petro (Vietnam), Novasia (France), and CIP (Denmark) joint venture in Binh Thuan with a capacity of 3,500MW estimated investment capital of up to 10 billion USD.

CIP Group is allocated 500 MW of capacity in the first round of Taiwan's Fengmiao Round 3 offshore wind power tender

CIP and COP have been working with Binh Thuan province for some time. They look forward to continuing to enhance their relationship to develop offshore wind power and contribute to the province's economy.

In addition to the La Gan project in Binh Thuan, CIP Group also plans to put on the roadmap to develop more than 10GW of other offshore wind power projects in both the North and the South of Vietnam.

Experience in the international market

Considered the world's largest renewable energy fund management group, it not only plans to invest in Vietnam but recently CIP Group (Copenhagen Infrastructure Partners), announced that they had been allocated 500 MW capacity in the first round of Taiwan's Fengmiao Round 3 offshore wind power tender.

Located 35 km from Taichung city, this offshore wind power project is CIP's third project in Taiwan, starting construction in 2025 and going into operation in 2027.

Mr. Jesper Krarup Holst, Senior Member of COP said, “The Fengmiao project will be developed by Copenhagen Offshore Partners (COP), which is a company with strong capabilities in the implementation of offshore wind power projects in Vietnam. Taiwan, and demonstrates our continued commitment to the Taiwan market and the Taiwanese government's offshore wind industry goals."

As CIP's exclusive offshore wind development partner, COP will develop the Fengmiao offshore wind farm with construction works expected to commence in 2025 and commercial operation expected in 2027.

Since entering the Taiwan market in 2017, this CIP has been actively developing offshore wind power projects. In April 2018, they acquired about 900 MW of power capacity, including the Changfang & Xidao offshore wind farms (595 MW) and the Zhong Neng offshore wind farm (298 MW). All wind farms are currently under construction.

Mr. Stuart Livesey, Country Director of COP Vietnam said: Since entering the Taiwan market, CIP has actively cooperated with the Taiwanese government and domestic enterprises to develop supply chains and promote push the offshore wind power market. To achieve the set goal, we will apply the experience accumulated in other countries appropriately to the Vietnamese market and contribute to creating positive impacts, and boosting the economy. domestic economy.

 “The fact that CIP got the highest score in the Taiwan offshore wind power project auction proves CIP's high capacity and reputation in this field. We will also contribute to achieving the goal of transforming a zero-carbon economy in the project-developing countries, as well as in Vietnam, through working with local authorities and the supply chain to make the project more profitable. can be deployed in a timely manner,” said Mr. Stuart.

At the same time, CIP won a bid for a 1GW offshore wind project development area earlier this month on the California coast. This is the first offshore wind power sale on the US West Coast and also the first sale of project development rights in the US to support commercial-scale floating foundation offshore wind power projects.