March 26 (Renewables Now) - South Korea's Doosan Heavy Industries & Construction Co Ltd (KRX:034020) last week signed two wind power agreements in Vietnam, including for an offshore wind pilot project.
The company inked a business agreement with Vietnam's state power company Vietnam Electricity for the development of a 3-MW offshore wind demonstration project featuring an energy storage system. Doosan will be the engineering, procurement and construction (EPC) contractor and will supply the wind turbine equipment and the storage system, it said in a news release today. Vietnam Electricity will help secure the test site and approval for the project. Operation and maintenance (O&M) services will be provided jointly by Doosan and Korea South-East Power Co (KOEN).
The pact was signed as part of South Korean president Moon Jae-in's visit to Vietnam.
Doosan also signed a wind farm development agreement with Vietnamese construction company CC1, which has a wind power generating license for a total of 105 MW. Under this agreement, the South Korean company will supply and maintain the main equipment for two wind farms in the Binh Thuan province, southern Vietnam.
Doosan says Vietnam's wind power market has strong growth potential as the country plans to increase its wind capacity from 180 MW now to 6,000 MW by 2030.
In September last year, Doosan completed construction of the 30-MW Tamra offshore wind park in South Korea. The company has developed 3-MW wind turbines for both onshore and offshore sites and is preparing to launch a 5.5-MW offshore wind turbine.
The South Korean power equipment maker will also take part in a thermal power plant localisation project in Vietnam as part of Memorandum of Understanding on Power Business Cooperation between South Korea and Vietnam.
The company said it plans to complete construction of the Vinh Tan 4 coal-fired power plant by the end of March, three months ahead of the original schedule.