Vietnam’s rapidly growing economy is creating an urgent need for more electricity, opening new opportunities for Danish renewable energy investor Copenhagen Infrastructure Partners (CIP), Vietnam.vn reports.
During a meeting on 10 June, Vietnam’s Deputy Prime Minister Pham Gia Tuc highlighted the country’s rising energy demand as it pursues ambitious economic growth targets for the coming years.
Vietnam is planning a major expansion of its renewable energy sector, including offshore wind power.
The government aims to develop between 6 and 17 GW of offshore wind capacity by 2030 and is encouraging investment in energy storage systems and other green technologies.
CIP board member Niels Holst said Vietnam remains one of the company’s key markets globally.
The Danish investment firm currently manages around USD 40 billion in green infrastructure funds, focusing on offshore wind, onshore wind and battery storage projects.
According to CIP, the company has been working with Vietnamese partners since 2020 to develop offshore and near-shore wind power projects and intends to continue pursuing large-scale renewable energy investments in the country.
Vietnamese authorities also reaffirmed their commitment to supporting experienced international investors capable of delivering major energy projects efficiently and over the long term.
