Vietnam
Vietnam has a national power plan to reach 6 GW in offshore wind capacity by 2030.
Energising Vietnam with offshore wind
Corio Generation has three proposed offshore wind projects totalling 4.5 GW under development in Vietnam.
If fully realised, the portfolio of projects is expected to provide enough clean energy for up to 3.6 million homes and help support over 7,000 jobs.
The Northern Binh Thuan offshore wind farm could be the first gigawatt-scale offshore wind farm in Binh Thuan province. The project of up to 3 GW was first proposed in 2019 and, since then, Corio has been actively engaging with the provincial authority and relevant central Vietnamese Government ministries and agencies.
Among our other two proposed projects: the Vung Tau offshore wind farm would be located off the coast of Ba Ria in Vung Tau province, while the Hai Phong offshore wind project would be located off the coast of Hai Phong city.
In March 2024, Corio signed a Memorandum of Understanding (MOU) with a leading supplier of electricity to the Vietnamese power market: Vietnam Electricity (EVN) subsidiary Power Generation Corporation 3. EVN is Vietnam's largest state-owned power company.
Vietnam news
“With its vast wind resources, Vietnam can be a South-east Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities. The team in Hanoi has been examining opportunities across the country for many years, demonstrating Corio’s commitment towards offshore wind in Vietnam.”
Jonathan Cole
CEO, Corio Generation
Determined to make a positive impact
As one of the world’s leading offshore wind developers, Corio Generation is expertly placed to support the energy transition in Vietnam.
Bringing together a sector-leading team of industrial, finance, development and asset management experts, Corio has one of the largest offshore wind development portfolios, standing at more than 30+ GW worldwide. Read more.
Corio Generation is a portfolio company of Macquarie Asset Management operating on a standalone basis.
Corio worldwide
We have offshore wind projects in development in Europe, Asia-Pacific and the Americas.
