US Group Wants to Build Offshore Wind Power in Vietnam

Pacifico Energy (PE), a corporation from the US, is promoting the survey and construction of offshore wind power projects in Vietnam, contributing to helping our country achieve double-digit growth.

General Secretary To Lam receives Mr. Nate Franklin - Photo: VNA

According to information from the Ministry of Foreign Affairs, on the afternoon of March 12 at the Party Central Committee headquarters, General Secretary To Lam received Mr. Nate Franklin, founder and chairman of the American Pacifico Energy (PE) Group.

Clean and stable electricity for double-digit growth

At the meeting, the General Secretary welcomed and highly appreciated the practical and effective contributions of PE Group as well as Mr. Nate Franklin personally to Vietnam's development in the field of renewable energy and Vietnam - US relations.

He affirmed that the US is one of Vietnam's leading economic partners, and the framework of the Vietnam-US Comprehensive Strategic Partnership is creating new space and opportunities for US businesses to invest and do business in Vietnam.

Sharing Vietnam's vision and determination to become a high-income developed country by 2045, the General Secretary emphasized that the Party and Government of Vietnam will continue to create favorable conditions, including institutional reform, for domestic and foreign investors to do business effectively in Vietnam.

Vietnam will continue to commit to the goal of achieving net zero emissions by 2050.

To achieve those growth targets, the Party leader emphasized that Vietnam needs a stable source of electricity, especially clean electricity.

The Vietnamese Government and ministries and sectors have actively completed the legal framework to provide a basis for energy corporations to invest in Vietnam, thereby meeting the growth needs of Vietnam and the Southeast Asian region.

In that spirit, the General Secretary suggested that PE Group continue to expand cooperation and business investment in Vietnam, including new energy conversion projects, and accelerate the implementation of projects in progress.

He also suggested that PE Group strengthen cooperation with enterprises in Vietnam, promote technology transfer, support and share experiences with Vietnamese partners to improve capacity and level in developing wind energy and renewable energy.

Platform to attract more US businesses to invest

PE Group Chairman pledges to continue investing in wind power and renewable energy in Vietnam - Photo: VNA

For his part, Mr. Nate Franklin sincerely thanked the General Secretary for taking the time to receive the delegation, highly appreciated the instructions of Vietnam's senior leaders on improving the investment and business environment, as well as the active and effective support of Vietnamese ministries, branches and localities for American businesses.

He also expressed his belief that under the leadership and strategic vision of General Secretary To Lam and Vietnamese leaders, Vietnam will achieve its set development goals.

Informing the General Secretary about PE's projects in Vietnam, Mr. Franklin affirmed that Vietnam has great potential to develop offshore wind power.

The group is currently promoting the survey and construction of offshore wind power projects in Vietnam to help Vietnam achieve its double-digit growth target in the coming time.

The Chairman of PE Group also emphasized that the success of projects in Vietnam is the most concrete proof of the Vietnam - US Comprehensive Strategic Partnership, hoping that this will be the foundation to attract more US businesses to invest in Vietnam.

In his position, he pledged that the group will continue to invest more in wind power and renewable energy in Vietnam, contributing to promoting Vietnam's rapid and sustainable economic growth as well as the development of bilateral relations.

Vietnam's energy industry "attracts" investors

After restarting the nuclear power project in Ninh Thuan, Vietnam has received much attention from countries and businesses with strengths in energy.

On March 12, Prime Minister Pham Minh Chinh received French Ambassador to Vietnam Olivier Brochet and Mr. Erkki Maillard, Director of International and Government Affairs, Advisor to the President of French Electricity Group EDF.

At the meeting, the Prime Minister asked EDF to continue expanding investment and converting to green and clean energy in Vietnam while supporting Vietnamese partners in developing nuclear power projects.

EDF has experience in implementing large-scale nuclear projects. 66 reactors were built in less than 30 years during the first phase of the French nuclear program and 70% of France's electricity is produced from these reactors.

Over the past 15 years, EDF has been building third-generation reactors, EPR pressurized water reactors. There are currently four third-generation reactors in operation in China (2), Finland (1) and France (1).

The reactors could be developed in either a 1,650 MW or 1,200 MW version. The trip to Vietnam is part of EDF’s ambitious effort to play a key role in the international nuclear energy renaissance.

Read more Back to Topics

Source: https://tuoitre.vn/tap-doan-my-muon-xay-dung-dien-gio-ngoai-khoi-viet-nam-20250314205655507.htm