Offshore Wind Power in Vietnam: Lessons Learnt from Phu Quy and Bac Lieu Wind Farms

Abstract

While large offshore wind farms installed worldwide, Vietnam which is considered to have significant potential in both onshore and offshore wind energy, as well as being well planned wind farms but mainly located onshore. Although foreign investors who are interested and investing in Vietnam offshore wind farms, it has not been fully developed due to difficulties and challenges such as high investment rate, slow land clearance, far from the connection point to the power grid, low purchased price… As a result, this would become less attractive to the investors. This article will give a brief overview of Phu Quy wind power project located on the island more than 120 km from the mainland and Bac Lieu nearshore wind farm. From which, lessons are drawn for reducing existing difficulties and challenges mentioned above and supporting more favorable development of Vietnam offshore wind farms.