#Petrovietnam #CIP #DienGioNgoaiKhoi #NangLuongTaiTao #ChuyenDichNangLuong #CongNgheDauKhi #VietnamEnergy
If Vietnam owns thousands of kilometers of coastline and has the largest wind power potential in Asia, why has there not been a commercial-scale offshore wind power project in operation yet?
On June 12, 2026, at the headquarters of Vietnam National Energy and Industry Group, Petrovietnam General Director Le Manh Cuong had a working session with Mr. Niels Holst, Member of the Board of Directors of Copenhagen Infrastructure Partners (CIP), to discuss cooperation opportunities in the energy field, especially offshore wind power in Vietnam.
The meeting took place in the context that Vietnam is accelerating its energy transition, aiming for zero net emissions and building a modern energy industry. This is considered one of the most notable meetings of the energy industry in June when it brings together Vietnam's largest energy enterprise and one of the world's leading energy infrastructure investment funds.
SUMMARY TABLE OF BOTH PARTIES' STRENGTHS
Content of Petrovietnam CIP
Good experienceOffshore More than 40 years Dozens of international projects
Strong technical infrastructure Project development
Financial capacity National Group Global Investment Fund
Supply Chain Domestic International
Renewable energy experience is expanding World's leading
According to many international assessments, Vietnam is in the group of countries with the largest offshore wind power potential in the Asia-Pacific region. With a coastline of more than 3,260 km and favorable wind conditions, the offshore wind power industry is expected to become a new growth engine for the economy.
OFFSHORE WIND POWER POTENTIAL OF VIETNAM
Estimated Target
Coastline More than 3,260 km
Technical potential: Over 600 GW
Long-term investment value Hundreds of trillions of VND
Human resource needs Tens of thousands of workers
Economic impact New industry formation
The cooperation between Petrovietnam and CIP not only stops at electricity production but also opens up opportunities to develop supporting industrial value chains including steel structure manufacturing, specialized shipbuilding, marine logistics, submarine cables, geological surveys and offshore technical services.
ESTIMATE SCALE OF AN OFFSHORE WIND POWER PROJECT
Capacity is about 1 GW
Total investment is about 60,000 billion to 90,000 billion VND
⚡ Annual electricity output khabout 3.5 to 4.5 billion kWh
Create thousands of direct and indirect jobs
Promote the mechanical manufacturing and oil and gas services industry
Notably, Petrovietnam possesses many advantages that not many domestic enterprises have. The seaport system, service fleet, offshore operating experience and petroleum engineer force are important foundations to participate in large-scale wind power projects.
Meanwhile, CIP is famous in the international market for its role in developing and investing in renewable energy projects worth tens of billions of dollars. CIP's international capital mobilization experience is assessed to contribute to solving one of the biggest problems of offshore wind power, which is the huge need for investment capital.
EXPECTED IMPACT FOR VIETNAM
Area of Benefits
Energy Supplementing clean power sources
Economy Attract international investment capital
Industry Development of domestic supply chain
Labor Create high quality jobs
Environment Reduce greenhouse gas emissions
The meeting continued to affirm the high consensus between Petrovietnam and CIP in promoting cooperation in clean energy development, opening up more investment opportunities, contributing to bringing Vietnam closer to the goal of energy transition and industrial development.modern energy industry.
A question of particular interest to investors is whether the first offshore wind power project with a scale of tens of billions of dollars in Vietnam will appear sooner than expected thanks to the cooperation between Petrovietnam and CIP?
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