Power Plan 8 is expected to develop 5,000MW of offshore wind power by 2030 but the Ministry of Industry and Trade received a proposal to build up to 129,000MW of offshore wind power.

So how will the Ministry of Industry and Trade come up with a mechanism to be able to choose suitable and effective investors?

Registered 129,000 MW but planned to 2030 only 5,000MW

At the Workshop on Developing offshore wind power for Vietnam's clean energy future, Deputy Minister of Industry and Trade Dang Hoang An said: Vietnam is assessed as having high potential for offshore wind power development, with high speed. The wind at an altitude of 100 meters reaches about 9-10m/s and the most potential area is the South Central region.

Thanks to this potential, the Ministry of Industry and Trade has received an offer to build an offshore wind power project with a capacity of up to 129,000MW. However, the Ministry of Industry and Trade is finalizing the draft Power Plan 8, which is expected to develop 5,000MW of offshore wind power by 2030 and increase to 40,000MW by 2045. If conditions permit, it can be increased. grow earlier.

So with 129,000MW registered, how to select investment units with an expected 5,000MW, what is the investor selection mechanism?

According to Mr. Nguyen Tuan Anh - Deputy Director of the Department of Electricity and Renewable Energy, Ministry of Industry and Trade, said: "Power Plan 8 is in the process of being revised for completion, the Ministry of Industry and Trade also studies the mechanism in parallel. investor selection mechanism to implement offshore wind power projects. Up to now, there is no specific mechanism to divide this work.”

Mr. Tuan Anh also added: “Bidding to choose investors or how to choose needs to be studied very carefully. Because offshore wind power is a new issue, it is necessary to develop appropriate mechanisms and infrastructure policies to meet the goal of sufficient electricity for people at a reasonable cost.”

At the press conference with the topic Power transmission system, National Power Development Plan in the context of Vietnam's commitments at COP26 organized by the Global Wind Energy Council (GWEC), Mr. Soren Ranneries - Senior Director, Chief Engineer of COP Group shared: “The selection of investors to implement offshore wind power projects should be considered based on the investor's experience in implementing similar projects. investment in other markets, a supply chain plan for the project, proof of the investor's financial capacity. These are important factors that Vietnam should refer to.”

At the same time, Mr. Soren Ranneries said: “In the UK, if a developer wants to implement a project, they need to make a commitment to the cost. In Denmark, the investor needs to make certain commitments regarding the development of the project and the completion of the project on time. I am not 100% sure which option is suitable for Vietnam but there are quite a few options on the market.”

Is 5,000 to 10,000 MW entirely possible?

Mr. Sean Huang - Development Manager of Copenhagen Offshore Partners - The unit developing La Gan wind power project cited experience from the Taiwan market (China), he shared where he used to work, the selection process Investor selection is done as follows:

- The investor must carry out the survey, environmental impact assessment, demonstrate capacity and experience in project implementation and make specific commitments about that project.

- It is necessary to open a representative office, conduct studies on the impact of the project on the transmission system, and apply for permits from many ministries and agencies. In the process of applying for a license, it is necessary to demonstrate financial capacity and experience in project implementation. This is demonstrated by contracts or memorandums of understanding.
According to Mr. Mark Hutchinson - Chairman of the Southeast Asia Working Group (Global Wind Energy Council) assessed: "Vietnam is a country with wind energy potential when the average annual wind speed is greater than 6m. /s at an altitude of 65m, equivalent to a capacity of about 512,000MW. According to GWEC calculations, Vietnam can completely develop the offshore wind power market with a scale of 5,000MW to 10,000MW by 2030, helping to create a total added value of more than 60 billion USD for the economy.

According to Labor Newspaper