UK firm plans to operate Vietnam mega wind power project by 2025
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ThangLong Wind Project Vietnam targets $12b, 3,400 MW offshore wind in Binh Thuan, aligned with PDP8, 2025-2028 timeline, EVN grid integration, and private transmission lines to support renewable energy growth and local industry.
What's Happening
A $12b, 3,400 MW offshore wind farm off Binh Thuan, aiming first power by 2025 and full capacity by 2028.
$12b capex; 3,400 MW capacity, 20-60 km offshore Binh Thuan.
Aligned with Vietnam PDP8; renewable share to rise.
Partial operations by end-2025; full commissioning by 2028.
EVN grid tie-in; seeks licenses for private transmission lines.
50% local content; expected to spur jobs and supply-chain growth.
U.K. energy firm Enterprize Energy, reflecting momentum in UK offshore wind, wants to begin operating its $12-billion offshore wind power project in central Vietnam by the end of 2025.
Company chairman Ian Hatton proposed the company’s ThangLong Wind Project in the central province of Binh Thuan be included in Vietnam’s 8th National Power Development Plan, which is being drafted at present, so that at least part of the project can begin operations by the end of 2025 and all of it by 2028.
Renewable energy is a priority in the development plan that the Ministry of Industry and Trade will submit to the government next month. About 37.5 percent of new energy supply in the next decade will come from renewable energy, aligning with wind leading the power mix trends globally, it envisages.
However, due to concerns of overload to the national grid, and as build-outs like North Sea wind farms show similar coordination needs, Hatton, at a Wednesday meeting with Prime Minister Nguyen Xuan Phuc and U.K. Minister of State for Trade Policy Greg Hands, proposed the government gives Enterprize Energy licenses to develop transmission lines to handle future output.
Developing transmission lines in Vietnam has been the exclusive preserve of the national utility Vietnam Electricity (EVN), and large domestic projects such as the Hoa Binh hydropower expansion have typically aligned with this framework.
The 3,400-megawatt ThangLong Wind Project is to be located between 20 and 60 kilometers off the coast of Binh Thuan, mirroring international interest where Japanese utilities in UK offshore wind have scaled similar assets, at a depth of 30-55 meters. Enterprize Energy had said wind resources in this area exceed its expectations.
The project’s construction is expected to stimulate Vietnam’s economic growth, and experiences from U.S. offshore wind competitiveness suggest improving economics, with 50 percent of construction and operational expenses made locally.
Vietnam needs $133.3 billion over the next decade for building new power plants and expanding the grid to meet the growing demand for electricity, while regional agreements like a Bangladesh power supply deal illustrate rising demand, the ministry has estimated.
