Central Vietnam province Gia Lai seeks investor for $1.84 bln wind power project

According to the provincial Department of Finance, the project covers an offshore area of approximately 32.01 hectares and a land area of about 17.61 hectares, spanning Phu My Dong, Phu My Bac, Phu My Tay, Binh Duong, Ngo May, Cat Tien, and Tuy Phuoc Dong communes, and Quy Nhon Dong ward.

Designed to have a capacity of 750 MW, it is expected to generate 2.8 billion kWh per year. The project is set to be completed and put into operation no later than Q4/2029.

The project aims to supply clean electricity from renewable energy sources to the national grid, contributing to national energy security, supporting the province’s socio-economic development and reducing transmission losses.

Hon Trau Island lies off the coast of De Gi estuary, about 10 km from shore. Currently, PNE AG of Germany has registered to conduct research and surveys for investment in the Hon Trau offshore wind power project, which has a total planned capacity of 2,000 MW and an estimated investment of $4.6 billion. The project is divided into three phases, with phase 1 (750 MW) expected to begin operation before 2030.

In January 2025, the People’s Committee of Binh Dinh province (now part of Gia Lai) approved PNE AG subsidiary PNE Offshore Vietnam EINS GMBH to implement the PNE Hon Trau Mot commerce-service development project, with a total investment of over VND2.6 billion ($98.8 million). This project serves as a preliminary step for developing the Hon Trau wind power plant.

The Gia Lai provincial People’s Committee has also given in-principle approvals to three other wind power projects through bidding. Each project will operate for 50 years and must be implemented within 36 months. The projects include the 143MW Vinh Thuan wind power plant, the 160MW Van Canh 1 wind power plant, and the 180MW Van Canh 2 wind power plant.

Source: https://theinvestor.vn/