The NV wind sector attractive to investors
With growing demand for electricity in Vietnam, the wind power construction industry has flourished, with local and foreign companies leaping into the action.
A senior executive from Coteccons, one of the country’s largest real estate companies, told media that the company may invest in wind power construction because of the opportunities offered.
Coteccons Deputy General Manager Phan Huu Duy Quoc said, “We are partnering with a large consulting firm in the energy sector to participate in the tender as an EPC. [engineering, procurement and construction] general contractor of wind projects… In the future, we could consider investing in the field. “
Like Coteccons, real estate company Phat Dat plans to invest in wind power while construction company Licogi 16 awaits government approval to implement four wind projects in Gia Lai and Quang provinces. Sorting with its Japanese and German partners.
Licogi 16 said it is studying some offshore wind power projects for potential future investment.
Power Construction 1 plans to complete three Lien Lap, Phong Huy and Phong Nguyen wind projects in Quang Tri Province by October 31, as it continues to study, research and develop new projects in other areas. .
Building on its experience in the construction of large hydroelectric and irrigation projects, Construction 47 also plans to expand its activities to wind power in the near future while SCI E&C Co will execute the Huong Phung 2 & 3 wind projects. , Gelex 1,2,3 and Huong Linh 7 & 8 in Quang Tri province.
Known as the leading foundation and underground construction engineering company in Vietnam, FECON Corp is also building six wind power plants across the country.
Quoc from Coteccons told local media: “The profit margin for civil construction is around 5%, while construction of infrastructure and wind power can generate higher profits.”
According to a report by Vietnam Electricity (EVN), as of March 22, there were around 4.4 GW of wind projects under construction, while the remaining 6.2 GW would be developed in 2022-2025, based on the draft master plan. electricity 8.
Many foreign investors have also reportedly considered investing in Vietnamese wind power.
Less than a month after the inauguration by the Trung Nam group of Vietnam’s largest wind farm in Ninh Thuan, Hitachi SE’s renewable energy business has expanded its market in Vietnam by signing a strategic cooperation agreement with the group, by purchasing more than 35% of the stake in the wind farm on May 14.
Seeing the 151.95 MW wind farm of the Trung Nam group valued at four trillion dong ($ 172.4 million) with an estimated output of 432 million kWh per year, as a quality project, long term and efficient, the Japanese investor bought to implement more renewable energy projects in Vietnam.
This month, Dak Lak Province in the Central Highlands granted in-principle approval to six foreign-funded wind projects worth more than V10.08 trillion while the Committee People of Hau Giang Province did the same for a 3.2 trillion dong wind farm project by Envision Energy Co.
According to SSI Research, assuming an electricity consumption growth of around 7.6-8% in 2022-2025, it was still possible to deploy a wind project with a capacity of 6.2 GW.
According to the World Bank assessment, Vietnam is the country with the greatest potential for wind energy development among Laos, Thailand, Cambodia and Vietnam, with more than 39% of the total area of Vietnam estimated. at an average annual wind speed greater than 6 m. / s at an altitude of 65m, i.e. a capacity of 512GW.
VIET NAM NEWS / ASIA NEWS NETWORK