Denmark’s Copenhagen Infrastructure Companions (CIP) by means of its Progress Market Funds, has signed a Memorandum of Understanding (MoU) with Vietnam’s oil, fuel, and renewable power group, PetroVietnam to launch a collaboration on renewable power and offshore wind.
Underneath the MoU, the 2 firms will change data and finest practices on power transition points together with expertise, provide chain, logistics, infrastructure, and expertise growth.
It will embrace assist of coaching programmes in new renewable power applied sciences corresponding to Energy-to-X (inexperienced hydrogen, inexperienced ammonia, and many others.), battery storage, power islands, and past.
“We glance very a lot ahead to the collaboration with PetroVietnam and take into account the MoU one other essential milestone for our presence in Vietnam. CIP is a pioneer in offshore wind, and we sit up for sharing our data, know-how and technological improvements to ship Vietnam’s first offshore wind tasks in a detailed collaboration of the events and drive ahead the inexperienced transition within the nation,” mentioned Robert Helms, accomplice at Copenhagen Infrastructure Companions.
CIP’s offshore wind portfolio presently consists of practically 60 GW of tasks in growth, development, and operations phases unfold throughout North America, Europe, Asia, and Australia.
In Vietnam, the corporate, along with Asiapetro and Novasia, is growing the La Gan offshore wind farm. With an anticipated capability of three.5 GW, the challenge goals to be one of many first large-scale offshore wind farms in Vietnam.
The challenge has a complete estimated funding worth of USD 10.5 billion and is anticipated to energy greater than 7 million households.
In November 2022, CIP inked three MoUs with Vietnamese firms, Xuân Cầu Holdings, PTSC M&C and Semco Maritime, and Pacific Company JSC, to speed up the event of offshore wind tasks and the provision chain within the nation.
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