December 17 (Renewables Now) – German renewable energy company PNE AG (ETR:PNE3) earlier this week discussed with the Binh Dinh Provincial People’s Committee (PPC) its plans for an up to 2-GW offshore wind farm in Vietnam.

Construction of the first phase, of 700 MW, can start as soon as 2024. The technical survey for the project is to begin next year.

In a statement, the PPC said the company wants to install between 154 and 166 wind turbines off the coast of the province. The total investment is estimated at USD 4.8 billion (EUR 3.9bn), of which around USD 1.6 billion for the pilot phase of the project.

To facilitate the offshore wind project’s implementation, PNE suggested that it should be included in Vietnam’s national power development plan.

Source: Renewable Now