Norwegian testing and advisory company DNV GL said Thursday it will conduct a feasibility study for the 170-MW Phu Cuong 1 offshore wind farm near the southern coastline of Vietnam.
The offshore scheme, to start construction as soon as next year, is estimated to require an investment of about USD 435 million (EUR 386.4m).
DNV GL Americas will evaluate the wind potential, environmental impact and grid interconnection under a contract with local real estate developer and seafood exporter Phu Cuong Group (PCG). The scope of the deal also covers assessment of permitting and land control issues, and of the total construction cost, and a recommendation for an optimal financing approach.
DNV GL will work on its first wind project in Vietnam under a grant from the US Trade and Development Agency (USTDA) to PCG.
Phu Cuong 1 represents the first of a series of near-offshore wind power projects PCG is planning to develop along the coast of Soc Trang province. All in all, it aims at installing 800 MW of wind capacity.
The Vietnamese government has set an official 800-MW wind target by 2020. The country’s goals for 2025 and 2030 are 2,000 MW and 6,000 MW, respectively.
(USD 1.0 = EUR 0.888)
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