Denmark prioritises helping Vietnam’s energy sector with green development and transformation, Danish Ambassador to Vietnam Kim Højlund Christensen affirmed on February 24.

He was speaking at an online signing ceremony of Memoranda of Understanding on cooperation in the supply of pile foundations and logistics ports for the La Gan offshore wind power project in the south central province of Binh Thuan.

Collaboration in projects like La Gan will contribute to expanding and enhancing cooperation between the two countries in sharing information, and improving the capacity of experts and employees, especially in the offshore wind power supply chain, the ambassador said.

The La Gan wind power project, with an estimated capacity of nearly 3.5 GW, is being developed by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia.

It is expected to generate electricity for over 7 million households each year.

According to the BVG Associates, the project will create over 45,000 full-time equivalent (FTE) jobs and contribute over US$4.4 billion to the economy during the course of the project.

The total rate of locally-made components will account for about 45% of the supply chain of the project.

As the project will be carried out for many years, more opportunities will be given to Vietnamese contractors to join the supply chain.

Since the signing of a memorandum of understanding with the provincial People’s Committee in July 2020, the project has achieved significant progress, including preparing for a field survey and approving survey license.

With a total investment of US$10 billion, it is also one of the first large-scale offshore wind power projects in Vietnam.