Offshore wind power is expected to supply 30% of Vietnam’s electricity by 2050, according to a report by the World Bank.
In its Vietnam’s Offshore Wind Development Roadmap report published last month, the World Bank says that offshore wind power will generate 5-12% of Vietnam’s electricity by 2035 – which will be 11GW in a low-growth scenario and 25GW in a high-growth one.
Replacing coal power with wind power in Vietnam can reduce carbon emissions by up to 200 million tonnes, create thousands of job opportunities for skilled workers, and export to other countries developing wind energy, all of which could add US$50 billion to Vietnam’s economy.
High-growth development of wind power brings larger benefits and costs less than low-growth development. Either way, Vietnam will be able to generate a total of 35GW or 70GW of electricity by offshore wind power by 2050, which will account for 30% of total electricity.
The report shows that in order to achieve such a goal, the Vietnamese government still needs to work on regulations, laws, procedures, and infrastructures. In PDP8, one of the visions that the World Bank has for Vietnam, the Southeast Asian country needs to plan out suitable offshore locations, rentals, permissions, electricity procurement, and supply chain by 2022. From 2022 to 2035, they will have to build infrastructures such as power grids, ports, and other supply chains.
Source: The Authority of Foreign Information Service