Japan"s Renova takes part in 144 MW wind portfolio in Vietnam

Japanese renewable power producer Renova Inc announced on Friday it is taking part in the construction of 144 MW of onshore wind parks in Vietnam.

The Tokyo-based company has entered into a 40/60 partnership with local power producer Power Construction Joint Stock Company No. 1, also know as PCC1, to implement three onshore wind projects with an individual capacity of 48 MW.

Located in Quang Tri province, these facilities -- Lien Lap, Phong Huy and Phong Nguyen -- are scheduled to commence construction this month and be up and running by the end of October 2021. These plants will sell their output at a feed-in tariff (FiT) of USD 0.085 (EUR 0.078) per kWh.

This move, Renova"s first international renewable energy project, is in line with the company"s plan to become Asia’s renewable energy leader, it said.

In Japan, Renova has more than 600 MW in operational and under construction photovoltaic (PV) and biomass power plants, and approximately 700 MW of large-scale offshore wind projects in development, it noted.

12. Vestas Wind Systems A.S. has secured a new order for two wind projects totaling 64 megawatts in Vietnam,

13.Vietnam has potential for 160 GW of offshore wind energy

The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority are working together on input for a roadmap for offshore wind power development in the south-east Asian country that has estimated potential for 160 GW. The report aims to help the Vietnamese government take steps to streamline the development process for wind farm projects.

The efforts were discussed at a webinar organised by DEA and the Vietnamese authorities today, which included participants from the Vietnamese Ministry of Industry and Trade, Electricity and Renewable Energy Authority and representatives from Vietnam’s four coastal provinces.

DEA deputy director general Martin Hansen said: “The organisation of the high-level offshore wind webinar is a testament to the extraordinary government-to-government energy partnership, Vietnam and Denmark has developed since 2013.

“I am delighted to see that cooperation and activities within offshore wind energy are on track despite the coronavirus pandemic.

“Vietnam has a huge potential for offshore wind power, which could play a key role in the green transition of the country.”

DEA has been engaged by Vietnam to support the country’s 10-year power development plan.

The Input to Roadmap consolidates the quantitative findings of various background analyses that have been carried out.

These include resource mapping and site selection, LCOE estimation and transmission grid analysis, among others, and supplements them with regulatory, consent and permitting, support scheme, supply chain elements to arrive at a set of recommendations aimed at kick-starting the offshore wind power industry in Vietnam.