HANOI, VIETNAM - Media OutReach - 10 September 2021 - On September 9, 2021, T&T Group, a multi-industry group of Vietnam and �rsted, a leading group in offshore wind power signed a Memorandum of Understanding (MoU) on strategic cooperation in�offshore wind power in Vietnam, promises to bring a large supply of renewable energy through new investment on offshore wind power projects in Binh Thuan and Ninh Thuan provinces of Vietnam.
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Mrs. Nguyen Thi Thanh Binh, Deputy General Director of T&T Group and Mr. Martin Neubert, COO & Deputy Group CEO of �rsted, signed the Memorandum of Understanding (MoU) on strategic collaboration on offshore wind in Vietnam.
Accordingly, the two groups will use and promote�the experience, strengths and capabilities to bring high efficiency for the projects. Both sides cooperate in developing three projects in Binh Thuan and Ninh Thuan provinces with a total estimated installed capacity of nearly 10 GW and total expected investment of about 30 billion U.S. dollars�in 20 years.
Do Quang Hien, Chairman of T&T Group, said: "T&T Group has planned a strategy to develop renewable energy and gas to power projects by 2030 with a vision to 2045, in line with the national strategy and planning of energy. This cooperation will help T&T Group accelerate the implementation of this strategy, bring valuable international experience and financial resources in the implementation of projects in Vietnam."
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Matthias Bausenwein, President of �rsted Asia-Pacific, said: "�rsted aims to reach 30 GW of offshore wind power by 2030. To support this ambitious goal, we need to work closely with a partner like T&T Group, who bring a deep understanding of the market and have an impressive track record in developing large scale energy projects in Vietnam."
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On the same day, T&T Group and Smart Universal Logistics N.V, a leading Belgian�company in sustainable energy and environmental infrastructure development, also signed a MoU on cooperation in developing desalination plants using�wind power to produce fresh water for agriculture and aquaculture in Vietnam.
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T&T Group is one of the leading private economic groups in Vietnam, operating in seven�core areas, including energy sector. In the next 10 years, the power supply capacity of T&T Group (LNG and renewable energy) is expected to reach about 10,000 - 11,000 MWp, accounting for about 8 per cent�of total installed capacity of power in�Vietnam's electricity system.
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