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Home›Business & Finance›Corio Enters Offshore Wind Partnership with Vietnam’s State-Owned Power Company
Business & Finance

March 11, 2024 · about 2 years ago

Corio Enters Offshore Wind Partnership with Vietnam’s State-Owned Power Company

Corio Generation has signed a memorandum of understanding (MOU) with Power Generation Joint Stock Corporation 3 (EVNGENCO3), a subsidiary of Vietnam Electricity (EVN), to collaborate in preparing long-term strategies for offshore wind project development. The MOU between Corio, a portfolio company o

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Outer Dowsing Corio Generation offshore wind

Corio says the partnership with EVNGENCO3 underscores its commitment to supporting Vietnam’s net zero emissions goal.

Vietnam’s offshore wind target for 2030 has been set to 6 GW, with the government aiming to reach between 70 GW and 91.5 GW by 2050.

“In Vietnam, offshore wind is determined as an inevitable path towards supporting the country’s energy transition and sustainable development,” said Vo Minh Thang , Vice President of EVNGENCO3.

“The MOU demonstrates EVNGENCO3’s strong commitment to investing in and developing offshore wind projects, in line with Vietnam’s green energy transition. We believe that this cooperation will greatly contribute to the development of Vietnam’s power system and our ability and experience in O&M service for the entire lifetime of offshore wind projects.”

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