Offshore wind company Corio Generation has signed a joint development agreement with Vietnamese construction firm FECON for a 500MW offshore wind project in Vietnam’s Ba Ria-Vung Tau province.
Located around 23-35km from the coast, the proposed fixed-bottom facility would be among the country’s first large-scale offshore wind projects.
The project is yet to receive approval and licences.
Once complete, it will have the capacity to generate 1.25GWh of clean energy and offset more than 600,000t of carbon emissions a year, according to analysis by the Green Investment Group (GIG).
Corio is a portfolio company of the Macquarie-owned GIG, which operates as a standalone business entity.
Corio Generation CEO Jonathan Cole said:“With its vast wind resources, Vietnam can be a South-East Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities.
“The team in Hanoi has been examining opportunities across the country for many years.”