AES wants to build 4-GW offshore wind farm off Vietnam - industry min

US utility group AES Corp (NYSE:AES) has proposed to build a 4-GW offshore wind farm off the coast of Vietnam’s Binh Thuan province, the Vietnamese ministry of industry and trade said on Friday.

The project could cost USD 13 billion (EUR 12.7bn), the ministry said in its press release. According to the statement, AES submitted a letter of intent to develop the project to the Vietnamese delegation at the annual US-Vietnam Energy Security Dialogue that took place in Washington last week.

The two sides discussed offshore wind, hydrogen, energy storage and nuclear power, among others, the ministry said.

AES has been in Vietnam since 2008, when it formed a joint venture company today known as AES Mong Duong to build a 1.24-GW coal-fired power plant. The US group holds a 51% stake in AES Mong Duong, with the remainder divided between South Korea’s Posco Energy and China Investment Corporation.

(USD 1.0 = EUR 0.976)

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