Hai Phong Offshore Wind Power Project, Vietnam
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Hai Phong Offshore Wind Power Project, Vietnam

By Carmen 22 Nov 2021

Hai Phong Offshore Wind Power Project is a 3,900MW offshore wind power project. It is planned in South China Sea, Hai Phong, Vietnam. The project is currently in announced stage. It will be developed in multiple phases. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2029.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Offshore 3,900 3,900 Announced Hai Phong, Vietnam Orsted; T&T Group

Description

The project is being developed by Orsted and T&T Group. These companies also have ownership stakes in the project.

The project is expected to generate 13,665.6GWh of electricity.

The project will have 150m high towers.

Development Status

The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2029.

About Orsted

Orsted AS (Orsted) is a renewable energy company. It develops, constructs, and operates offshore and onshore wind farms, bioenergy plants, solar farms, and energy storage facilities, and provides waste-to-energy solutions and smart energy products. The company produces heat and electricity using coal, natural gas, oil, biomass, wind and solar sources; and sells power and gas in wholesale and retail markets, and optimizes and hedges its energy portfolio. Orsted also owns and operates gas and power contracts, and originates and trades these for optimizing its portfolio; and operates Renescience plants, biogas upgrade facilities and biogas plants. It has operations in the UK, Denmark, Germany, the US, the Netherlands and other. Orsted is headquartered in Fredericia, Denmark.

About T&T Group

T&T Group JSC (T&T Group) operates in real estate, finance, industry, sports, and import-export trading. Its real estate projects include residential units, trade centres, office buildings, resorts, marine eco-tourism areas, urban areas, and industrial zones. It is headquartered in Hanoi, Vietnam.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.