Transactions - JUNE 23, 2022

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Corio Generation, FECON to build one of Vietnam’s first large-scale offshore wind projects

by Kali Persall

Corio Generation, a global offshore wind business and a portfolio company of Macquarie’s Green Investment Group, has signed a joint development agreement with FECON, a Vietnamese construction and infrastructure group, for a proposed 500-megawatt offshore wind farm in Ba Ria, Vung Tau province.

After licenses and approvals are obtained, Corio said the proposed Vung Tau offshore wind farm could be among the first large-scale offshore wind projects to be built in Vietnam. The fixed-bottom project could produce around 1,250 gigawatt-hours of clean electricity and avoid more than 600,000 tonnes of carbon emissions each year.

“With its vast wind resources, Vietnam can be a Southeast Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities,” said Jonathan Cole, CEO of Corio. “The team in Hanoi has been examining opportunities across the country for many years. We are looking

Forgot your username or password?