The bidding process began in early October. Investors for the project, with an estimated investment of over VND17 trillion dong ($664.4 million), will be selected by the provincial People’s Committee.

Once operational, the Ky Anh project is projected to generate about 1,053 GWh of electricity a year, corresponding to a capacity factor of 30.1%, which provincial officials say aligns with local offshore wind conditions.

Provincial authorities granted in-principle approval for the project under a decision dated September 18, 2025.

The plant will occupy around 5.5 hectares of leased land, more than 825 hectares of leased sea surface, and about 113 hectares of temporary construction space. Plans call for installing 47 turbines with capacities ranging from 5 to 8.5 MW.

A key component of the project is its grid connection. The investor will build a 66/500kV substation with two 250 MVA transformers and a double-circuit 500kV transmission line linking the project to Vietnam’s 500 kV third-circuit network.

The proposed site covers the coastal communes of Ky Xuan, Ky Anh, and Ky Khang, areas with favorable offshore wind potential. The province aims to complete legal procedures by Q3/2026, begin construction no later than Q4/2026, and start commercial operations in Q4/2028.

Local officials said the 400 MW project could supply electricity for hundreds of thousands of households, contributing to energy security and supporting Vietnam’s renewable energy transition.

The project, with a 50-year lifespan, is also expected to stimulate infrastructure development, including ports, transmission lines, and logistics, and generate jobs and boost local budget revenue.

Officials also noted several challenges, including land clearance, transmission grid connection, financing and project management.

Local experts warned that offshore conditions such as weather, waves, and climate change impacts could affect turbine performance and lifespan, underscoring the need for rigorous surveys and design.

If implemented as planned with a capable investor, the project could become a significant milestone for Ha Tinh and the broader renewable energy sector in central Vietnam.

Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.

Ha Tinh authorities recently granted in-principle approval for the over VND8.8 trillion ($333.8 million) project and okayed Vinhomes Ha Tinh Industrial Park Investment JSC - a member of Vingroup - as investor. Construction is scheduled to begin in 2026, with completion and commissioning planned for Q2/2028.

Vingroup has invested in many large projects in Ha Tinh. In late August 2023, the group's VinES electric vehicle (EV) battery factory in the Vung Ang Economic Zone began operations.

Viettel Post, the courier arm of military-run telecom giant Viettel, recently completed a site survey for a planned 21-hectare logistics center in Ha Tinh.

The nearly VND550 billion ($20.87 million) project is positioned to take advantage of direct access to the North-South railway and the key transport corridor to Laos, the company said during a working session with authorities in Duc Tho commune on November 20.

Ha Tinh is home to Formosa Ha Tinh Steel Corporation (FHS) which owns an integrated steel mill located at Vung Ang Economic Zone.