Vingroup, a leading local energy company in Vietnam, has signed a strategic agreement with relevant partners to build a super large wind power base with a total installed capacity of 5000 megawatts in the central plateau province of Gia Lai, with a total investment of up to 8 billion US dollars. This move marks a new stage in the Vietnamese new energy market dominated by giants, and also opens a new window for Chinese new energy industry chain enterprises in the Southeast Asian market.

The project will be promoted in two phases

The wind power base is located in Gia Lai Province, with a total planned capacity of 5 gigawatts, which is more than 20 times the size of ordinary wind farms in Vietnam. The project will be implemented in two phases: the first phase will build a 2000 MW wind power installation, followed by an expansion of 3000 MW, ultimately forming one of the largest wind power clusters in the country's history. The government of Jialai Province has officially approved the project, listing it as one of the largest energy investment projects in local history. After the completion of the project, the clean electricity generated will be connected to Vietnam's national power grid, effectively alleviating the pressure of power transmission in the central plateau region.

210 trillion shield focuses on power transmission and energy storage

The total investment of the project is equivalent to approximately 210 trillion Vietnamese dong, and the funds will be mainly invested in core areas such as wind turbines, transmission lines, power grid upgrades and renovations, energy storage system deployment, and power dispatch facilities. Vingroup has been continuously expanding its presence in the field of new energy in recent years. Its energy platforms have landed multiple wind and photovoltaic projects in Vietnam, including the 400 MW Chi Ying Wind Power Plant, 498 MW Chi Ying Ecological Wind Power Plant, 300 MW Dien Bien Phu 1 Solar Power Plant, and 300 MW Pancha 2 Floating Photovoltaic Plant. The company plans to develop 100 gigawatts of renewable energy projects globally in the next three years, with an overseas installation target of 10 gigawatts, aiming to become a leader in the global new energy track. Keywords: Southeast Asian News Network, Wind Power Infrastructure

Electricity shortage drives transformation

Vietnam is currently facing dual pressures of continuously increasing electricity demand and limited development of traditional energy sources. The development of hydropower resources is approaching its limit, while the development of coal-fired power is hindered by environmental pressures, and the risk of power shortage is increasing. In this context, the Vietnamese government is accelerating the transformation of its energy structure, with wind power, solar energy, liquefied natural gas power plants, and energy storage systems listed as key development directions. Vingroup's heavy investment in wind power this time is precisely in response to the rigid demand for energy transformation. For Chinese enterprises, the upgraded competition in the new energy market in Vietnam has brought multiple business opportunities: the supply of core equipment such as wind turbines, photovoltaic modules, and energy storage batteries, technical services such as wind and photovoltaic engineering general contracting and grid upgrading, localized processing and logistics distribution of supporting products such as towers and brackets, as well as post project operation and maintenance and power dispatch, can all become effective paths for Chinese enterprises to enter the Vietnamese market.Editor/Gao Xue