The Time to Act is Now: Statement on Offshore Wind in Vietnam’s Power Development Plan 8

Overview

Among other technologically mature renewable energy technologies, offshore wind offers Vietnam a scalable, indigenous, clean and affordable source of electricity. There is an urgent need to differentiate intertidal projects from true offshore, as the two technologies are very different from each other, from the turbines employed and the foundation design, to the scale of the electricity output, cost profile and risks involved in the development of the projects.

This paper is focused on various challenges and regulatory needs of the true offshore wind sector in Vietnam.

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