At the ceremony on November 21 (Source:Zing.vn)

The signing ceremony was organised within the framework of an investment promotion event between Binh Dinh and Germany.

It is a remarkable milestone after more than two years since the investor expressed its desire to survey and set up an offshore electric wind farm in the province.

In September 2020, leaders of the company met with the leadership of Binh Dinh People’s Committee to share this plan. However, at the time, the investor just proposed an investment of $1.3-1.5 billion and a total area of 2,200-2,500 hectares.

Following this, in October 2020, the province approved in principle for PNE AG to survey a sea area in Phu Cat and Phu My districts. At the time, the German company proposed building a 2GW project in three phases, with 700MW by 2025, then another 700MW by 2026, and the last 600MW in 2027.

Over the past two years, the province has sped up the survey for the project and assigned local authorities to collaborate with the company in identifying the survey area.

PNE operates in 13 countries on four continents and is expected to invest around $4.8 billion in this project. Its plan is to build over 50 wind turbines, with the potential of reaching as many as 165, achieving a total capacity of up to 2,000MW.