Ørsted and PetroVietnam Form Offshore Wind Partnership

Ørsted and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) have signed a memorandum of understanding (MoU) to launch collaboration on offshore wind projects in Vietnam and globally.

This collaboration aims to deliver offshore substations for Ørsted and T&T’s proposed multi-gigawatt pipeline of offshore wind projects in Vietnam, supporting national net-zero targets.

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In addition to this domestic aspect, the collaboration also has an export angle to support Ørsted’s global pipeline of offshore wind projects.

Source: Ørsted

Dong Xuan Thang, PTSC M&C’s Managing Director, said: ”The signing of this Memorandum of Understanding with Ørsted will play a very important role for PTSC M&C to develop its capacities for offshore wind market which is growing in Asia as well as other countries around the world.”

The signing ceremony was held at PTSC M&C’s manufacturing facility in Bà Rịa–Vũng Tàu on 5 August and was attended by representatives of the Bà Rịa–Vũng Tàu local authority, the Embassy of Denmark in Vietnam, plus other partners.

”Ørsted is ready to support Vietnam to unleash its full offshore wind potential. Vietnam has some of the best conditions in Asia for offshore wind power, many outstanding engineering companies and a highly skilled workforce. Today’s inaugural agreement between Ørsted and PTSC M&C demonstrates another step forward in our ambitions to collaborate closely with local suppliers to kick-start Vietnam’s new offshore wind industry,” Sebastian Hald Buhl, Country Manager of Ørsted Vietnam, said.

Together, Ørsted and T&T Group are working with a large number of local partners and suppliers to deliver Vietnam’s first flagship offshore wind projects, targeting one project in the central south and one in the north by 2030.

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Pascal Langeais, Head of APAC Procurement & Supply Chain, said: ”Today’s MOU affirms Ørsted’s commitment to develop and collaborate with PTSC M&C in the years ahead. It announces the beginning of a great journey between our two companies to produce reliable, large-scale green energy together.”

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Photo: Ørsted