HCMC – A consortium of T&T Group and Danish-based Orsted has signed a memorandum of understanding on wind power development with the Vietnam National Innovation Center.
The project, to be implemented in the 2023-2028 period, will be divided into two phases.
The agreement is expected to enhance technology research and international expertise sharing on the development of offshore wind power suitable to Vietnam’s conditions.
The signing of the agreement was witnessed by Danish Crown Prince Frederik during the Vietnam-Denmark Sustainable Energy Summit held in Hanoi.
The agreement encourages cooperation mechanisms, increases human resource quality and enhances technology transfer among stakeholders to develop the domestic wind power industry.
As planned, stakeholders will assist local businesses and manufacturers in the wind power sector, helping improve the nation’s competitiveness in global supply chains to satisfy domestic and international demands.
To boost the local wind power sector, the T&T Group-Orsted consortium plans to construct a Research and Development Center in Vietnam. The project is the country’s first technology development and transfer facility in association with a foreign counterpart.
The collaboration promotes green growth and sustainability, paving the way for Vietnam to achieve its objective of zero emissions by 2050.
Sebastian Hald Buhl, country manager of Orsted Vietnam, said that the consortium is proud to work with the Vietnam National Innovation Center to advance the green energy revolution in Vietnam in the following decades.
The Vietnam National Innovation Center, under the Ministry of Planning and Investment, supports the country’s startup ecosystem and encourages innovation-based growth.