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  • Offshore Wind Power in Vietnam

    Vietnam is fortunate to have some of the best natural conditions for wind energy in Asia. This is particularly the case for offshore wind energy, where Vietnam has some of the best conditions in the world. According to a recent World Bank-sponsored report ‘Offshore Wind Roadmap for Vietnam’, Vietnam has the potential to realize between 11GW and 25GW of offshore wind capacity by 2035, which could create up to 700,000 man-year jobs and avoid up to 217 million tonnes of CO2 emissions.
  • Facts Of Vietnam’s Offshore Wind Industry

    The offshore wind industry in Vietnam is an emerging sector with great potential. Vietnam has a long coastline and favourable wind conditions, making it suitable for developing offshore wind farms. The government of Vietnam has recognized the importance of renewable energy and is taking steps to promote the development of this industry.

    There have been several initiatives and policies implemented to attract investment in offshore wind projects. The government has set targets for renewable energy, including a significant increase in the capacity of wind power generation. In addition, there are attractive incentives such as tax breaks, import tax exemptions, and feed-in tariffs for wind energy projects.

    Currently, there are a few offshore wind projects in different stages of development along the coast of Vietnam. These projects have the potential to contribute significantly to the country's renewable energy goals and reduce its dependence on fossil fuels. Overall, the offshore wind industry in Vietnam is still in its early stages, but it is expected to grow rapidly in the coming years. This presents opportunities for investors, renewable energy companies, and job creation in the country.