Copenhagen Infrastructure Partners (CIP), on behalf of its fund CI New Markets Fund I, together with Asiapetro and Novasia, signed a memorandum of understanding (MOU) with Binh Thuan People’s Committee to develop the 3.5-gigawatt La Gan offshore wind project off the coast of Binh Thuan, Vietnam.
The signing took place during the Vietnam Energy Summit 2020 High-level Forum.
CIP, a global investor in offshore wind, has raised more than $10 billion across several renewable energy-focused funds, including the most recent CI IV, set to become the world’s largest renewable energy fund. With the CI New Markets Fund I, CIP is managing a fund specifically targeted at the fast-growing major new economies and with a current strong focus on Vietnam.
The La Gan offshore wind project is one of the first large-scale offshore wind projects in Vietnam, which could raise Vietnam’s profile in renewable energy within the region and in the world.
“Findings from the co
