Electricity of Vietnam (EVN) and HBRE Group, an investor in the development of an onshore wind farm with a total capacity of 400mw in Vietnam, have signed a cooperation agreement to develop another wind farm offshore Duyen the southern coast of Vietnam. They are being supported in the feasibility assessment of this project by Sapura Energy Bhd (Malaysia), a globally integrated offshore engineering and construction company.

HBRE currently has four onshore wind farm projects at different stages of development, while this will be the first offshore wind farm.

Mr. Ho Ta Tin, Chairman of HBRE said: “EVN's presence in this project shows EVN's trust and commitment to the renewable energy sector, and we believe that construction experience Sapura Energy's offshore wind farm in the energy sector, especially in the field of transportation & installation for offshore wind farms, will achieve the highest efficiency.”

The offshore wind energy field has been interested by HBRE and proposed investment survey ideas with the first project in Binh Thuan in 2016. However, at this time, the investment rate is quite high while the selling price is high. Wind power is at a low level. Therefore, despite seeing great potential from La Gan cape, HBRE had to temporarily put aside the investment in this locality.

By 2019-2020, the Vung Tau offshore wind power plant project invested by HBRE Group is the first and largest offshore wind power project in this locality with a total investment of more than 1 billion USD, with a capacity of 500MW. .

The project is located in the offshore sea about 35km from the shore of Binh Chau commune, Xuyen Moc district, which has been approved by the People's Committee of Ba Ria - Vung Tau province for research, survey, survey, measurement, and project proposal. May 2019.

The People's Committee of Ba Ria - Vung Tau province has submitted a document to the Prime Minister and the Ministry of Industry and Trade to appraise and add the offshore wind power plant project HBRE Vung Tau to the national electricity development planning in November 2019.

Up to now, the Ministry of Industry and Trade has completed the consultation with relevant ministries and sectors and is submitting to the Government to add this project to the power planning VIII.

The projects that HBRE Group has, is and co-invests in and develops include: Wind power farm in Dak Lak (30MW); HBRE Chu Prong Wind Power Farm (phase 1) with a capacity of 50MW, scheduled to be put into operation by October 31, 2021. In addition, in Ha Tinh, HBRE invests in a 120MW wind power project in Ky Anh district; 200MW wind power project in Phu Yen. Currently, these two projects are waiting to be cleared of legal procedures and land for investors to start construction as soon as possible. According to Mr. Ho Ta Tin, Chairman of HBRE Group, in order to encourage wind power investors and create favorable conditions for this field to develop rapidly following the general trend of the world, the Government should consider applying Incentive mechanism for electricity prices for the onshore wind power sector until December 2022 and offshore until December 2025.