Norwegian energy enterprise Equinor participates in the development of wind power industry in Vietnam

11/05/2022

On May 5, the leading Norwegian energy company officially opened a representative office in Hanoi, participating in the development of the offshore wind power industry in Vietnam. The event also marks an important milestone in business cooperation between Vietnam and Norway.

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The opening event of Equinor's representative office this time was attended by Ms. Grete Lochen - Norwegian Ambassador to Vietnam and Senior Vice President of Equinor - Mr. Jens Olaf Okland. In addition, there were also representatives of agencies, departments and sectors of Vietnam and representatives of Vietnamese and Norwegian businesses.

Equinor - the leading energy enterprise in Norway entering the market in Vietnam shows the willingness to contribute and develop the wind power industry, participate in the green transformation of Norway into our country, as well such as supporting Vietnam in implementing its commitments at the Paris Agreement on Climate Change and at the Summit on Climate Change (COP26).

Ambassador Løchen speaking at Equinor's Office Opening Ceremony (Image source: Norwegian Embassy in Hanoi)

Norwegian Ambassador to Vietnam Grete Lochen opened the event and said: “Renewable energy and climate are the top priorities of the Norwegian Government. Climate change is the fundamental challenge of our time. Meanwhile, the global energy sector is the main source of emissions, generating nearly a quarter of all greenhouse gas emissions. We must transform the way energy is produced and consumed in order to achieve the goals set out in the Paris Agreement and COP26. Therefore, Norway will continue to actively participate in international climate diplomacy and look forward to further strengthening global cooperation in this process. The Norwegian Government's priority is to work closely with business and industry to ensure a fair and successful transition to a renewable, circular and sustainable future. Therefore, today I am very pleased and proud of Equinor's commercial presence in Vietnam.”

Equinor's Senior Vice President Jens Olaf Økland (Image source: Norwegian Embassy in Hanoi)

Senior Vice President of Equinor also commented that Vietnam is a potential wind power market with a long coastline and favorable wind conditions, and is the country with the best wind resources in the top of Asia.

Therefore, Equinor established a representative office in Vietnam with the desire to apply its energy experience to work with Vietnam Oil and Gas Group (Petrovietnam) to achieve the following goals:

Developing Vietnam's wind power industry through successful implementation of offshore projects
Build a strong domestic supply chain of the offshore wind industry, producing electricity at a lower cost.

From there, gradually ensure affordable renewable energy prices, support Vietnam in implementing the green transition program and other international commitments on climate.

Meeting with Deputy Minister of Natural Resources and Environment Le Minh Ngan
(Image source: Norwegian Embassy in Hanoi)

Receiving development investment from the leading enterprise of Norway - a pioneer in the field of offshore floating wind with a series of famous research units and universities such as NTNU, SINTEF, University of Bergen, opening up strong development opportunities for the wind power industry in Vietnam.