Orsted sign Vietnamese Offshore MOU
Orsted and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) have signed a memorandum of understanding (MoU) to launch collaboration on offshore wind projects in Vietnam.
The agreement brings together Orsted’s 30 years of experience of developing, building and operating offshore wind farms with PTSC M&C’s track record and expertise in energy infrastructure in Asia-Pacific.
This collaboration aims to deliver state-of-the-art offshore substations for Orsted and T&T’s proposed multi-Gigawatt pipeline of offshore wind projects to supply clean and reliable energy to Vietnam.
In addition to this domestic aspect the collaboration also has an export angle to support Orsted’s significant global pipeline of offshore wind projects.
The signing ceremony was held at PTSC M&C’s manufacturing facility in Bà Rịa–Vũng Tàu and was attended by representatives of the Bà Rịa–Vũng Tàu local authority, the Embassy of Denmark in Vietnam, plus other partners.
Orsted and T&T Group are working with a large number of local partners and suppliers to deliver Vietnam’s first flagship offshore wind projects, targeting one project in the central south and one in the north by 2030.
Orsted Vietnam country manager Sebastian Hald Buhl said: “Orsted is ready to support Vietnam to unleash its full offshore wind potential.
“Vietnam has some of the best conditions in Asia for offshore wind power, many outstanding engineering companies and a highly skilled workforce.
“Today’s inaugural agreement between Orsted and PTSC M&C demonstrates another step forward in our ambitions to collaborate closely with local suppliers to kick-start Vietnam’s new offshore wind industry.”
Dong Xuan Thang, PTSC M&C’s managing director added: “The signing of this Memorandum of Understanding with Orsted will play a very important role for PTSC M&C to develop its capacities for offshore wind market which is growing in Asia as well as other countries around the world.”