MoU Signed for Development of Offshore Wind Power in Vietnam

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Japan-based Marubeni and South Korea-based Doosan Enerbility have signed a memorandum of understanding (MoU) to develop offshore wind power in Vietnam.

Doosan plans to produce monopiles and other components for offshore wind turbines meanwhile, Marubeni will explore cooperation with Vietnam-based companies to boost the country’s offshore wind sector. According to the World Bank, Vietnam has a potential offshore wind capacity of 475 GW. The country aims to develop 6 GW of wind power by 2030 to meet its net-zero emission goal by 2050. Previously in Vietnam, Doosan has worked on four major thermal power plants and provided seaport cranes. Marubeni has been involved in 11 power plant projects, including a gas-fired power plant and a 1.5 GW liquefied natural gas-fired power plant.

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