{"id":18281,"date":"2024-11-22T09:07:47","date_gmt":"2024-11-22T02:07:47","guid":{"rendered":"https:\/\/b-company.jp\/?p=18281"},"modified":"2024-11-22T09:49:45","modified_gmt":"2024-11-22T02:49:45","slug":"wind-energy-in-vietnam-and-potential-for-foreign-investors","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ko\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/","title":{"rendered":"\ubca0\ud2b8\ub0a8\uc758 \ud48d\ub825 \uc5d0\ub108\uc9c0\uc640 \uc678\uad6d \ud22c\uc790\uc790\uc758 \uc7a0\uc7ac\ub825"},"content":{"rendered":"
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*In this column “<\/em>Vietnam Briefing<\/em><\/a>“, young researchers from B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.<\/em><\/p>\n

Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher.<\/em> <\/p>\n<\/div>\n\t

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Vietnam’s wind energy sector has experienced significant growth, positioning the country as a leader in Southeast Asia’s renewable energy landscape. With a coastline exceeding 3,000 kilometers and favorable wind conditions, Vietnam offers substantial opportunities for wind energy development. This article examines the current state of Vietnam’s wind energy market, key projects, major players, prevailing trends, and the opportunities and challenges facing foreign investors.<\/p>\n

Market Size of Wind Energy in Vietnam<\/strong><\/h3>\n

Vietnam’s commitment to renewable energy has been significantly reinforced through its active participation in the 26th UN Climate Change Conference of the Parties (COP26) and the approval of the Power Development Plan VIII (PDP VIII) in 2023. These initiatives highlight the country’s resolute dedication to shifting from coal-based electricity to more sustainable energy sources, contributing to the net zero emission goal by 2050. Among these, the wind energy sector has emerged as a leading and highly promising avenue for growth and investment.<\/p>\n

In 10 years from 2013-2023, Vietnam’s installed wind power capacity has growth a significant value from 53 megawatts (MW) to 5,888 MW (accounts for 6% total electricity production in 2023).<\/p>\n

Total wind energy capacity in Vietnam, 2013-2023 [1]<\/sup><\/strong><\/p>\n

Unit: MW
\n\"Total<\/p>\n

Source: Statista<\/p>\n

According to the Power Development Plan VIII (PDP VIII), the Vietnamese government has set ambitious targets to reduce reliance on thermoelectricity and transition to renewable energy sources, with a particular emphasis on wind and solar energy. Specifically, the plan outlines a goal of achieving 27,990 MW of wind energy capacity by 2030 (an increase of 5 times compared with 2023) and an even more ambitious 130,050 MW by 2050 (an increase of 22 times compared with 2023). These targets highlight Vietnam’s commitment to leveraging its abundant natural wind resources, particularly in offshore regions, where wind speeds and capacity factors are significantly higher.<\/p>\n

PDP VIII Direction Install Capacity, By source (2030-2050) (%)<\/strong><\/p>\n

\"PDP<\/p>\n

Source: PDP VIII<\/p>\n

Key Projects of Wind Power Plant<\/strong><\/h3>\n

Corresponding to the ambitious target for wind electricity, several notable wind energy projects have been developed or are underway in Vietnam. Until 2023, there are 106 projects across the country with more than 50% are in operation.<\/p>\n\n\n\n\n\n\n\n
Name<\/strong><\/td>\nLocation<\/strong><\/td>\nEstablish year<\/strong><\/td>\nOperation year<\/strong><\/td>\nInvestor<\/strong><\/td>\nCapacity<\/strong><\/p>\n

(MW)<\/strong><\/td>\n

Number of turbines<\/strong><\/td>\nTurbin capacity<\/strong><\/p>\n

(MW)<\/strong><\/td>\n<\/tr>\n

Ea Nam Wind Complex <\/strong><\/td>\nNinh Thuan<\/td>\n2019<\/td>\n2021<\/td>\nTrung Nam Group<\/td>\n400<\/td>\n100<\/td>\n4<\/td>\n<\/tr>\n
Bac Lieu Wind Complex<\/strong><\/td>\nBac Lieu<\/td>\n2020<\/td>\n2021<\/td>\nTTC Group<\/td>\n300<\/td>\n75<\/td>\n4<\/td>\n<\/tr>\n
Tra Vinh Wind Complex<\/strong><\/td>\nTra Vinh<\/td>\n2019<\/td>\n2022<\/td>\nREE<\/td>\n300<\/td>\n75<\/td>\n4<\/td>\n<\/tr>\n
BIM Wind Power Plant<\/strong><\/td>\nNinh Thuan<\/td>\n2021<\/td>\n2021<\/td>\nBIM Group<\/td>\n88<\/td>\n22<\/td>\n4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Not only Vietnamese investor, foreigner investor (including Japan) are also paying attention to the wind energy sector. In June 2024, Doosan Vina Company (Dung Quat Economic Zone, Quang Ngai) signed a memorandum of understanding “Cooperation in developing offshore wind power in Vietnam” with Marubeni Group (Japan), planning to manufacture foundations of wind turbines and other components for offshore wind farms at its 100-hectare industrial complex in Dung Quat Economic Zone.<\/p>\n

Opportunities for Foreign Investors in Wind Energy<\/strong><\/h3>\n

Vietnam’s wind energy sector offers a range of lucrative opportunities for foreign investors:<\/p>\n