AES Corporation unveils a 4 GW offshore wind project in Vietnam

1 Aug 2022

AES Corporation plans to develop a 4 GW offshore wind project off Vietnam’s central Binh Thuan province. The project is expected to cost up to US$13bn. No further schedule or cost details have yet been revealed. Vietnam, which had 4.1 GW of wind installed capacity at end-2021, targets 11.7 GW of wind installed capacity by 2030 and up to 66 GW by 2045.

AES Corporation, together withe the Vietnamese national oil and gas company PetroVietnam Gas (PV Gas) is also developing the 3.6 Mt/year Son My LNG import terminal in Binh Thuan province. The project’s capacity could be expanded to 9.6 Mt/year at a later stage. Commissioning is scheduled in 2025-2026. The US$1.4bn LNG terminal will receive, process, and supply reprocessed LNG as fuel for the Son My 2 CCGT project (2.2 GW), operated by AES, which should also enter operations in 2025.

In November 2021, Denmark’s Ørsted  proposed a three-phase 3.9 GW offshore wind project off the port of Hai Phong in northern Vietnam, with an estimated investment between US$11.9bn and US$13.6bn. The project, which would be located 14 km southeast of Bach Long Vy island and 36 km northwest of Long Chau archipelago, could produce up to 13.7 TWh/year.

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