Vietnam is considered a great potential competitor in the offshore wind power sector because of the strong wind power in shallow water near densely populated areas and coastal areas.
European investors are looking for locations near the port but negotiations with local authorities and industrial parks are still in the early stages as investors are waiting for the Vietnamese government to approve regulations about offshore wind farm.
The Danish Energy Agency also commented: “Vietnam has a large steel output, so it is very suitable for investment in Vietnam because steel is an important material for turbine production”.
Source: Vietnam News Agency_EU investors interested in offshore wind power in Vietnam