PVN and CIP Join Forces to Advance Renewable Energy in Vietnam

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Petrovietnam (PVN) and Copenhagen Infrastructure Partners Group (CIP) of Denmark will cooperate in the renewable energy sector following a memorandum of understanding (MoU) inked between the two companies.

Under the MoU, the two firms will share knowledge and information on the energy transition from oil and gas to renewable energy, with specific topics such as technology, supply chain, logistics, infrastructure and technical expertise. For its part, CIP Group will support training programmes on new types of renewable energy, such as technology to convert electricity into other fuel sources, power storage and energy islands.

In January 2024, CIP launched Copenhagen Energy Islands (CEI), a new development company dedicated to developing energy islands globally. Copenhagen Energy Islands will build on CIP’s long-standing experience and expertise in offshore wind. Furthermore, it is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea and Southeast Asia.

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