Ørsted, a Danish majority state-owned energy company, has announced its office opening in Hanoi, Vietnam. With this move, Ørsted is expanding its footprint in Asia after establishing itself in Taiwan, South Korea, and Japan.
According to a recent study by the Danish Energy Agency, Vietnam has a 160 GW offshore wind potential, thanks to 3,000 km of coastline, shallow water depths, and high consistent wind speed. To date, there are several intertidal wind farms being developed in the country, mostly with an installed capacity of around 50 MW. The largest wind power plant in Vietnam so far is located in Ninh Thuan Province, spanning over 900 hectares, and operated by Vietnam’s energy company Trung Nam Group.
Looking forward, Ørsted is in talks with Vietnam’s government authorities and local partners towards the goal of constructing world-class offshore wind farms in the country. According to CEO Mads Nipper, Vietnam would form part of an emerging “Asia Pacific backbone” for Ørsted. The company plans to build more offshore wind farms and support Vietnam’s commitment to raising renewable energy generation by 30% by 2030.
Started in the 1970s, Ørsted today provides green energy to more than 15 million people worldwide and plans to increase this number to 30 million by 2025.
(Sources: Recharge News; Institute for Energy Economics & Financial Analysis)