Japanese conglomerate Marubeni and South Korea’s Doosan Enerbility have signed a memorandum of understanding (MoU) to develop offshore wind power in Vietnam.
Doosan, which owns an industrial complex in the central province of Quang Ngai, plans to produce monopiles as foundations for offshore wind power turbines as well as other components for offshore wind farms.
Marubeni will explore the opportunity to cooperate with Vietnamese companies and boost the offshore wind power sector in the Southeast Asian country.
According to the World Bank, Vietnam has the potential for 475GW of offshore wind power capacity. No offshore wind power plants have been built yet but the country is aiming to have 6GW of wind power developed by 2030. This MoU is another step toward Vietnam reaching its net-zero emission goal by 2050.
Doosan and Marubeni have previously worked on other APAC energy projects like the Nghi Son 2 thermal power plant.
In Vietnam, Doosan has worked on four major thermal power plants and has provided cranes for major seaports in the country while Marubeni has worked on 11 different power plant projects in Vietnam including one gas-fired power plant and a 1.5GW LNG-fired power plant.
