T&T and Orsted propose to invest in 2 offshore wind power projects in Ninh Thuan

Basic information about Orsted and T&T

Orsted is a leading corporation in the field of offshore wind power owned by the Danish Government. In 2020, this Group's revenue is 8.6 billion USD and profit is up to 3 billion USD.

T&T Group is one of the leading private economic groups in Vietnam, operating in multiple industries and making a mark in the field of energy development. Up to now, the solar and wind power plants of T&T Group have connected to the national grid with nearly 1,000 MW.

In 2021, T&T Group has cooperated with a series of large corporations in the world in the field of green energy such as cooperation with Orsted Group (Denmark) to develop offshore wind power, cooperation with Total Group (France) develop land wind power, solar power... The goal in the next 10 years, the total capacity of green and clean energy sources of T&T Group will reach from 12,000 - 15,000 MW (accounting for about 10% of the total installed power capacity. of the Vietnamese power system).

T&T and Orsted propose to invest in 2 offshore wind power projects in Ninh Thuan

Mr. Phan Tan Canh - Vice Chairman of Ninh Thuan province has just had a meeting with the investor consortium of Orsted Group and T&T Group. According to the proposal of the investor consortium, the project will be implemented according to the plan:

• Ninh Thuan offshore wind power project 1:

- Capacity: 3,000 MW

- Expected implementation: 3 phases (each phase 1,000 MW)

- Investment: from 2029 to 2033

- With 150 turbines, 20 MW tower, over 150m high

- Total investment: 223,462 billion VND

• Ninh Thuan 2 offshore wind power project:

- Capacity: 2,000 MW

- Expected implementation: 2 phases

- Investment: from 2030 to 2037

- With 100 turbines

- Total investment capital is about 157,556 billion VND

The investor consortium has proposed to supplement the wind power development planning off the coast of Ninh Thuan and allow the investor to conduct surveys on the project's proposed sea area with activities such as: monitoring, topography, geology, wind measurement and making project feasibility study reports,...

Concluding speech at the meeting, Vice Chairman of Ninh Thuan People's Committee affirmed the strength and importance of renewable energy development policy, especially wind power projects in this locality.

However, the current difficulty is that offshore wind power projects in Ninh Thuan have not been added to the Power Plan VIII. Therefore, the locality is proposing to the Ministry of Industry and Trade to update these projects and add them to the master plan.

Vice Chairman of Ninh Thuan Provincial People's Committee also recognized the proposals of the 2 investors' consortium and also pledged to support and create conditions for the project to be implemented when the central ministries and branches agree on the policy perform.