Investors eye Vietnam wind energy projects
(VOV) - More than 120 representatives of foreign enterprises in the renewable energy industry gathered in HCM City on December 9 to attend a wind energy seminar sponsored by the Danish embassy.
According to the General Department of Energy (GDE) under the Ministry of Industry and Trade (MoIT) nearly 50 wind power projects have been licensed for operation over the past three years with a design capacity of 4.876 MW.
However, there have been just three commercial wind-power projects to date, which is a modest figure compared to the country’s potential.
During the seminar, foreign investors stressed the necessity to increase more investment in this fledgling industry, noting almost all construction equipment has been imported from foreign countries and there are shortages of high-skilled labourers in the field, which has dampened enthusiasm to invest in this field in Vietnam.
At the seminar, Phu Cuong Group signed a cooperative agreement with Denmark’s Vestas group to invest in a US$2 billion wind power project in Soc Trang province with a design capacity of 800MW.
Nguyen Viet Cuong, President of Phu Cuong Group said the group would have to face a number of difficulties in co-ordinating with foreign partners.
Cuong suggested there should be more thorough information developed for foreign partners to learn about wind power opportunities in Vietnam.