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If Vietnam owns up to 600 GW of offshore wind power potential but delays deployment by a few years, will tens of billions of dollars in investment and hundreds of thousands of jobs fall into the hands of competing countries like China, Korea and Singapore?
Offshore wind power is emerging as one of the strategic industries that can completely change Vietnam's energy position in the coming decades. According to Mr. Ben Backwell, CEO of GWEC, Vietnam not only has Asia's leading wind resources but also possesses a special advantage that not many countries have, which is a developed oil and gas industry foundation and experience in constructing large-scale offshore projects.
In the context of the world facing geopolitical risks in the Strait of Hormuz, volatile oil prices and increasing pressure to ensure energy security, offshore wind power is being seen as a long-term solution to help reduce dependence on imported fuel.
SPECIAL ADVANTAGES OF VIT MEN
Vietnam's oil and gas industry has accumulated decades of experience in various fields
✔ Design and manufacture offshore structures
✔ Construction and operation of offshore drilling rigs
✔ Maritime logistics services
✔ Manage large-scale energy projects
✔ Construction of pipelines and marine infrastructure
These are core competencies that can be directly transferred to the offshore wind industry.
Compare platform capabilities
Field Oil and gas industry Offshore wind power
Marine steel structures Highly experienced Great demand
Oversized and overweight transport Deployed Mandatory
Dedicated seaport Available Needs expansion
Marine Technical Manpower Available Global Shortage
Maintenance Services Developed Long-term need
VIETNAM'S OFFSHORE WIND POWER POTENTIAL
According to GWEC's assessment, Vietnam has offshore wind power technical potential of about 600 GW.
Compare scale
Value Indicator
Vietnam's offshore wind power potential is 600 GW
Operating wind power capacity is about 6 GW
Current exploitation level is about 1% of potential
Power supply capacity Decades
Future investment level Tens of billions of USD
This number shows that Vietnam has only exploited a very small part of its huge offshore wind resources.
THE GAME IS NOT JUST LUCKYAh ELECTRICITY
The most important thing about offshore wind power is not just the electricity output.
This industry can create a whole new value chain of
Fabrication of turbine pier foundations
Manufacturing turbine towers
Marine survey services
Underground cable system
Specialized logistics port
Operation and maintenance services
Training specialized engineers
If we make good use of the opportunity, Vietnam can become a center for supplying offshore wind power equipment and services for the entire Southeast Asia region.
Potential economic value
Impact Category
Investment capital Tens of billions of USD
New jobs Hundreds of thousands of workers
Export of technical services increased sharply
Developing large-scale supporting industries
Energy security Significantly improved
THE BIGGEST CHALLENGE IS NOT TECHNOLOGY
According to GWEC, the biggest obstacle today lies not in technical capacity but in the legal framework.
Offshore wind power projects often have an investment life cycle of decades and require huge capital. International investors require a transparent, stable and predictable investment environment.
If the licensing, bidding, electricity pricing and planning mechanisms are completed soon, international capital flows can accelerate into Vietnam in the coming years.
GOLDEN OPPORTUNITY FOR THE OIL INDUSTRY KHI
It is worth noting that offshore wind power is not a competitor of the oil and gas industry.
On the contrary, this could be a new growth opportunity for Vietnamese oil and gas businesses when demand for marine engineering, mechanical manufacturing, offshore construction operations and maritime logistics all increase sharply.
Many experts believe that the oil and gas industry can completely become a core force to help Vietnam build an internationally competitive offshore wind power industry.
If we take advantage of oil and gas, manufacturing industry and huge wind resources in the East Sea, Vietnam will not only be energy independent but also have the opportunity to become Asia's leading offshore wind power center in the future.
#GWEC #BenBackwell #Offshore Wind Power #Green Energy #OilGas #Petrovietnam #Manufacturing Industry #Energy Security #Energy Transition #OilGas Technology #VietnamEnergy #WindPower #Renewable Energy #Marine Economy
