{"id":17422,"date":"2021-09-10T08:50:00","date_gmt":"2021-09-10T08:50:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/09\/10\/tt-group-and-orsted-to-invest-30-billion-usd-in-offshore-wind-power-development-in-vietnam\/"},"modified":"2021-09-10T08:50:00","modified_gmt":"2021-09-10T08:50:00","slug":"tt-group-and-orsted-to-invest-30-billion-usd-in-offshore-wind-power-development-in-vietnam","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/09\/10\/tt-group-and-orsted-to-invest-30-billion-usd-in-offshore-wind-power-development-in-vietnam\/","title":{"rendered":"T&#038;T Group and \u00d8rsted to invest 30 billion USD in offshore wind power development in Vietnam"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>HANOI, VIETNAM &#8211; <a href=\"https:\/\/www.media-outreach.com\">Media OutReach<\/a> &#8211; 10 September 2021 &#8211; On September 9, 2021, T&amp;T Group, a multi-industry group of&#13;<br \/>\nVietnam and \u00d8rsted, a leading group in offshore wind power signed a Memorandum&#13;<br \/>\nof Understanding (MoU) on strategic cooperation in\u00a0offshore wind power in&#13;<br \/>\nVietnam, promises to bring a large supply of renewable energy&#13;<br \/>\nthrough new investment on offshore wind power projects in Binh Thuan and Ninh&#13;<br \/>\nThuan provinces of Vietnam.<\/p>\n<p style=\"text-align: center\">\u00a0<img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/175924\/Photo.jpg#image-175924\" width=\"500\"\/><\/p>\n<h5 style=\"text-align: center\"><span style=\"font-weight: normal\">Mrs. Nguyen Thi Thanh Binh, Deputy General Director of T&amp;T Group and Mr. Martin Neubert, COO &amp; Deputy Group CEO of \u00d8rsted, signed the Memorandum of Understanding (MoU) on strategic collaboration on offshore wind in Vietnam.<\/span><\/h5>\n<p>Accordingly, the two groups will use and promote\u00a0the experience, strengths and capabilities to bring high efficiency for the&#13;<br \/>\nprojects. Both sides cooperate in developing three projects in Binh Thuan and&#13;<br \/>\nNinh Thuan provinces with a total estimated installed capacity of nearly 10 GW&#13;<br \/>\nand total expected investment of about&#13;<br \/>\n30 billion U.S. dollars\u00a0in 20 years.<\/p>\n<p>Do Quang Hien, Chairman of T&amp;T Group, said: &#8220;T&amp;T&#13;<br \/>\nGroup has planned a strategy to develop renewable energy and gas to power&#13;<br \/>\nprojects by 2030 with a vision to 2045, in line with the national strategy and&#13;<br \/>\nplanning of energy. This cooperation will help T&amp;T Group accelerate the&#13;<br \/>\nimplementation of this strategy, bring valuable international experience and financial&#13;<br \/>\nresources in the implementation of projects in Vietnam.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p>Matthias Bausenwein, President&#13;<br \/>\nof \u00d8rsted Asia-Pacific, said: &#8220;\u00d8rsted&#13;<br \/>\naims to reach 30 GW of offshore wind power by 2030. To support this ambitious goal, we need to work closely&#13;<br \/>\nwith a partner like T&amp;T Group, who bring a deep understanding of the market&#13;<br \/>\nand have an impressive track record in developing large scale&#13;<br \/>\nenergy projects in Vietnam.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p>On the same day, T&amp;T Group and Smart Universal&#13;<br \/>\nLogistics N.V, a leading Belgian\u00a0company in sustainable energy and&#13;<br \/>\nenvironmental infrastructure development, also signed a MoU on cooperation in developing desalination plants&#13;<br \/>\nusing\u00a0wind power to produce fresh water for agriculture and aquaculture in&#13;<br \/>\nVietnam.<\/p>\n<p>\u00a0<\/p>\n<p>T&amp;T Group is one of the leading private economic groups in Vietnam, operating in seven\u00a0core areas,&#13;<br \/>\nincluding energy sector. In the next 10 years, the power supply&#13;<br \/>\ncapacity of T&amp;T Group (LNG and renewable energy) is expected to reach about&#13;<br \/>\n10,000 &#8211; 11,000 MWp, accounting for about 8 per cent\u00a0of total installed&#13;<br \/>\ncapacity of power in\u00a0Vietnam&#8217;s electricity system.<\/p>\n<p>#T&amp;TGroup<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-09-10\/94234\/tt-group-and-orsted-to-invest-30-billion-usd-in-offshore-wind-power-development-in-vietnam\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HANOI, VIETNAM &#8211; Media OutReach &#8211; 10 September 2021 &#8211; On September 9, 2021, T&amp;T Group, a multi-industry group of&#13; Vietnam and \u00d8rsted, a leading group in offshore wind power signed a Memorandum&#13; of Understanding (MoU) on strategic cooperation in\u00a0offshore wind power in&#13; Vietnam, promises to bring a large supply of renewable energy&#13; through new &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17422"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17422"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17423"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}