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Vietnam offshore wind power sparks influx of foreign investment

Sumitomo plans 1 GW project, with Denmark's Orsted angling for 2 GW

Offshore wind power is seen as a large part of Vietnam's renewable energy future.   © Vietnam News Agency

TOKYO/HANOI -- Japanese and European corporations are making major moves into the offshore wind power in Vietnam, taking advantage of the developing country's renewable power push.

Strong winds off the southern coast of Vietnam make it one of the best places in the region to explore offshore wind power. The country's commitment to fully decarbonize by midcentury, coupled with an urgent power generation deficit, make this an attractive time to invest in its renewable energy infrastructure.

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