Wind power attracts tens of billions of dollars in foreign capital

Dubai [UAE], December 4: Leaders of a series of large corporations in the UAE and the world all affirmed their desire to invest in the field of renewable energy, especially wind power, in Vietnam.
On December 3, Prime Minister Pham Minh Chinh and his wife along with a high-ranking Vietnamese delegation left Dubai (UAE), successfully ending their business trip at the COP28 Conference, bilateral activities in the UAE and the visit Official Turkey.
Many investment projects
Before leaving the UAE, the Prime Minister spent time receiving leaders of the world's major wind power corporations , including CIP and Enterprize Energy. CIP is the world's largest green energy corporation with a scale of 25 billion USD, has many offshore wind power projects in the US, Taiwan, Korea... and is planning to invest more than 110 billion USD in the field. renewable energy until 2030.
Mr. Robert Helms, member of the Board of Directors of CIP, said that this group already has a contract worth about 200 million USD in Vietnam and is planning to sign an additional contract of 350 million USD. CIP is coordinating to research and develop 3.5 GW La Gan offshore wind power projects in BinhThuan province with a total expected investment of 10.5 billion USD.
According to Mr. Ian Hatton, Chairman of Enterprize Energy Group - EE (UK), EE has cooperated with SocieteGenerale (France), Vestas (Denmark), ODE (UK) to develop the Thang Long Wind Complex in BinhThuan province. . The project includes two components: Thang Long Wind (TLW) to connect to the national power grid, capacity of 3,400 MW, total investment of 11.9 billion USD and Thang Long Wind 2 (TLW2) to produce and export energy. amount of hydrogen from water electrolysis, total capacity of 2,000 MW, total investment of 5 billion USD.
Mr. Ian Hatton said that related parties are ready to put into commercial operation the Thang Long Wind and Thang Long Wind 2 projects in 2029, which will be the focus of the group's activities. In addition, EE will continue to discuss with Vietnam Electricity Group (E Vietnam ) about the electricity price mechanism.
On the Vietnamese side, Deputy Minister of Industry and Trade Nguyen SinhNhat Tan said that the Government has approved Power Plan 8. In particular, by 2030, offshore wind power capacity to serve domestic electricity needs will reach about 6,000 MW. . According to Mr. Nhat Tan, with wind reserves and offshore wind potential as well as cooperation with Petrovietnam will help projects become feasible and fruitful.
According to General Director of the National Oil and Gas Group (Petrovietnam) Le Manh Hung, the Government has a policy of building Petrovietnam into a national energy corporation, one of the focuses of transformation is the development of offshore wind power. Currently, the group is following the Prime Minister's direction on surveying offshore wind reserves, continental shelves... as a database for Vietnam to implement offshore wind power planning.
The electricity price mechanism must be appropriate
Prime Minister Pham Minh Chinh thanked the two corporations for their interest in investing in Vietnam 's wind power sector, contributing to Vietnam 's efforts to implement its commitment to reduce emissions to zero by 2050. "Sun and wind We don't have to buy from anyone, nor can anyone take it. Vietnam is a tropical monsoon country, with many conditions to realize the policy of developing renewable electricity ," the Prime Minister shared.
Vietnam will build institutions to develop the renewable industry; master plan and have a priority mechanism to attract investors such as taxes, prices, land, water surface, sea surface... Regarding the proposals of businesses, the Prime Minister said that Vietnam will consider Monitor reserves as well as appropriate electricity transmission systems. Vietnam is ready to listen, wherever investors are stuck, from administrative procedures to premises, they will share to help solve, negotiate, and handle problems, "focusing on doing a few projects quickly and neatly." , then learn from experience and expand to other projects." The government also assigned Petrovietnam to research and build an offshore power transmission line and signed a contract to sell renewable electricity to Singapore.
"For developed countries, electricity prices are different from developing countries. Electricity prices must be harmonious for both sides, both beneficial to investors but also suitable for the Vietnamese economy , people and businesses. industry in the spirit of harmonious benefits and shared risks. Vietnam 's wind power potential is very large with 600 GW, it is important that specific projects be put into production and operation soon," the Prime Minister emphasized. .
According to statistics, Vietnam is estimated to need about 120 - 140 billion USD to implement Power Plan 8 and carry out the energy transition process in the next 10 years. Vietnam hopes that foreign partners will continue to participate in support, policy consultation, mobilize investment sources, green finance and directly participate in investing in renewable energy and energy conversion projects. quality in Vietnam.
Source: ThanhNien Newspaper