Singapore is looking to import offshore wind power from Vietnam under a joint development agreement struck between the two countries’ companies.
The deal was signed between Sembcorp Utilities and Vietnam’s PetroVietnam Technical Services Corporation (PTSC) to develop offshore wind projects in Vietnam with a total capacity of around 2.3 GW for export to the city state via subsea cables.
The announcement was made after a meeting between Prime Minister Pham Minh Chinh and Semcorp deputy chairman Tow Heng Tan in Singapore.
PTSC said the collaboration not only marks the first ever renewable energy cooperation between the two companies, but also strengthens the relationship between the governments, realising the “Digital – Green Economic Partnership” between the two countries, in light of the 50th anniversary of diplomatic relations between Vietnam and Singapore.
The agreement follows the memorandum of understanding signed at the end of October 2022 to research the feasibility of the project.
