Vietnam's transition to renewable energy
Vietnam’s energy system presents the opportunity for the creation of a renewable energy industry. A renewables industry will enable Vietnam to diversify its energy supply, ensure energy independence, and provide cheap and reliable electricity. The success of this industry will act as a breakthrough for the Vietnamese government in implementing the goals of green growth and sustainable development that is also stated in resolution 55/NQ-TW.
Phu Cuong 1.4 GW - offshore wind
The 1.4 GW Phu Cuong Soc Trang offshore wind farm will be the largest wind farm in SE Asia when complete. The project is expected to start construction in 2021 with first power generated in 2023. It will power over 1.6 million homes.
The offshore wind farm is in the Soc Trang province and will be developed in two phases. Phase 1, 400 MW and Phase 2, 1,000 MW. Visit the project website here.
Ben Tre 500 MW - offshore wind
In November 2020, Mainstream signed a joint venture agreement with Advanced Information Technologies Corporation (AIT) to co-develop a 500MW offshore wind project in Ben Tre province.
The project has received the requisite site survey licence, completed a feasibility study and submitted a Power Development Plan (PDP) application to Vietnam’s Ministry of Industry and Trade with a view to the project being included in the Vietnam Government’s forthcoming national PDP period 2021-2030 with vision to 2045 (PDP 8).
Dak Nong Solar Portfolio
In June 2021, Mainstream signed an agreement to acquire an 80 per cent shareholding in Technology and Development Joint Stock Company Limited (D&T), which is developing a 405 MW portfolio of solar projects in the Dak Nong province of central Vietnam.
The portfolio of three projects, which is included in the Vietnam Government’s Power Development Plan 7 (PDP 7) has been in development since 2019 and is expected to reach financial close in 2022.
Development Pipeline Vietnam
Co-developing project with local company, AIT Corp.
Phu Cuong Soc Trang
Developing one of SE Asia's largest offshore wind projects.
Where to Find us
12th Floor, Hong Ha Centre,
25 Ly Thuong Kiet, Hoan Kiem, Hanoi, Vietnam