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Will this be the opening shot for hundreds of trillions of dong to pour into Vietnam's seas in the next decade?
Quang Ninh has just officially approved the investment policy of Quang Ninh 4 Wind Power Plant project in Co To special zone. This is the province's first offshore wind power project, marking a strategic shift from coal mining to a green energy economy.
With a total investment capital of more than 2,364 billion VND, design capacity of 50 MW, the project not only generates clean electricity but also opens a new chapter for the marine economy, supporting industries and renewable energy supply chain in Vietnam.
Why is this project especially important?
Co To is an area with stable wind speed, low population density and strategic location on the Gulf of Tonkin. Offshore wind power here helps take advantage of almost limitless natural resources.
⚡ An offshore turbine can be as tall as a 50-story building.
⚡ Does not consume fossil fuels.
⚡ Does not emit CO₂ during operation.
⚡ Can operate continuously for 25 to 30 years.
Main parameters of the project
Value Category
Project name Quang Ninh 4 Wind Power Plant
Location Co To Special Zone
Capacity 50 MW
Total investment capital is 2,364 billion VND
Usable area is 11.95 hectares
Connection voltage 110 kV
Construction period 30 months
Investor Cuong Thinh Thi and Thien Phu
⚡ How big is 50 MW?
Estimated Target
LemongrassThe amount of electricity per year is 150 to 180 million kWh
The number of households that can be supplied with electricity is 75,000 to 100,000 households
CO₂ emissions are avoided by 120,000 to 150,000 tons per year
Quang Ninh is changing drastically
For decades, Quang Ninh has been associated with coal and thermal power. Now, this locality is repositioning itself into a diverse energy center
☀️ Solar power
️ Offshore wind power
⚡ LNG
Energy storage system
Seaports and logistics
Remarkable investment performance
Value Index
The average investment is about 47.3 billion VND per MW
Project life cycle 25 to 30 years
Fuel costs are almost zero
Compared to coal thermal power
Criteria Offshore wind power Coal thermal power
Fuel Natural wind Imported coal
CO₂ emissions Near zero Very high
Operating costs Low High
Fuel price risk Very low Very high
The economic impact is widespread
This project can boost these sectors
Turbine manufacturing mechanics
⚓ Seaport services
High-tech jobs
Green tourism
Smart electrical system
Vietnam is entering the offshore wind power race
According to national energy strategies, offshore wind power will play an important role in the net zero emissions target by 2050. Quang Ninh is becoming one of the pioneering localities along with Binh Thuan, Bac Lieu and Soc Trang.
Conclusion
The decision to approve the first offshore wind power project in Co To is not only an investment decision worth VND 2,364 billion, but also a signal that Vietnam is shifting strongly to a green, clean and sustainable economy.is sustainable.
If a series of similar projects are implemented, Quang Ninh can completely become the new clean energy capital of the North.
Follow more in-depth analysis at TimKiem.Top and Petroleum Technology to update the biggest movements in Vietnam's energy industry.
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