NovaWind, Rosatom’s wind power division, and Vietnamese energy investment firm An Xuan Energy, have agreed to cooperate on the development of a wind farm in north-western Vietnam.
The 128MW project will be located in the Son La Province.
The document was signed by An Xuan Energy CEO Nguyen Quang Luan and NovaWind CEO Grigoriy Nazarov.
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“We have gained extensive expertise as a wind power project developer in Russia and are ready to deploy our competencies on the international scale. Rosatom is already implementing a number of projects in Vietnam in the field of energy and science, and now these areas of cooperation are expanding.
“Wind power projects will both contribute to energy security and industrial development of the region and accelerate country’s transition to a sustainable energy mix,” Grigoriy Nazarov said.
“It will bring economic and social benefits to the country, the energy system of Vietnam as well as people in the province. We are committed to work together with NovaWind to reach a successful commerce operation as planned,” Nguyen Quang Luan said.
Vietnam’s wind potential
Vietnam is traditionally reliant on coal-fired power however increasing amounts of renewable energy are being introduced into the country’s energy mix.
According to McKinsey, Vietnam has significant growth potential for wind power, considering the 3,000 kilometers of coastline and winds that blow from 5.5 to 7.3 meters per second.
Vietnam has up to 500GW of offshore wind potential however financial barriers, technical complexity and a lack of local OEM’s have hindered the growth of the market.
