A wind farm in Bac Lieu province (Photo: VNA)

The ‘Offshore Wind Roadmap for Vietnam’ report is the outcome of a study that followed an invitation from the Vietnamese Government to the WB. It was carried out from February to October 2020.

According to the WB, by 2035, there will be about 450 large offshore wind turbines operating in Vietnam, installed at about 10 large conventional fixed offshore wind farms and one or two at floating ones.

In addition, based on leases issued to date, there will be about 30 smaller nearshore wind farms using smaller turbines.

Under high growth scenario, with significant expansion of offshore wind resulting in offshore wind supplying 12 percent of Vietnam’s electricity needs by 2035, levelised cost of energy is projected to be 20 percent lower.

The results of this roadmap suggest that a target of 10 GW by 2030 and 25 GW by 2035 would likely accomplish this objective. At the same time, a consequence of higher growth is a higher risk of adverse environmental and social impacts.