The Prime Minister issued Decision No 2068/QD-TTg dated 25 Nov 2015 on Vietnam Renewable Energy Development Strategy until 2030, with vision to 2050.
The Strategy is aimed at mobilizing all available resources to promote the development and usage of renewable energy, reduce dependence on fossil fuels, contribute to energy security, mitigate climate change, protect the environment, ensure sustainable socio-economic development, and to utilize renewable energies to reach sustainable environmental targets, and to develop the green economy.
Based on this government strategy, Thang Long Offshore Wind Power Project was initiated. Before this, it had been studied by Enterprize Energy for many years. The initial feasibility study for this project has highlighted the potential of an area of 2000 km2 a minimum of 20km offshore Binh Thuan province, south and east of Ke Ga cape.
The proposed scope of the Ke Ga Project is 3,400 MW, to be developed in 600MW phases. The investment capital required to implement the entire 3,400MW project is approximately 9 billion USD, excluding investment in export transmission lines and sub-stations with capacity of 500kV to connect to the national grid. Enterprize Energy believes that with stable and consistent governmental regulation, appropriate power-purchase contracts, proven turbine technology and contractors to fabricate and install equipment, financial aspects of the project can be ensured by funds from international banks.
Enterprize Energy and its group of supporting companies have worked with Binh Thuan People’s Committee and have received the Committee’s approval. The project has now been submitted to the Prime Minister for consideration. The Prime Minister issued Document No 6964/VPCP-QHQT dated 25th June 2018 based on the report by Enterprize Energy.
On 7th of September 2018, implementing the direction of the Prime Minister, the Ministry of Industry and Trade issued Document No 7250/BCT-BN, instructing Enterprize Energy to follow required procedures. This process has been actively implemented by the investors and is at final steps now.
The Thang Long Offshore Wind Power Project is being developed by Enterprise Energy with national and international supporting companies providing additional expertise. This collaborative development style aims to expedite the delivery of technologically advanced renewable power production at the best price possible. Enterprize Energy are proud to be working with domestic companies: PVC – MS, Vietsovpetro, PECC3, Huduco, Hemera Media; and international companies: MHI Vestas Offshore Wind, Société Générale, ODE Ltd.