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Europeans Eager to Build Wind Turbines in Vietnam

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European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants as the country gears up to exploit its untapped potential in offshore wind, Reuters reports.

According to the World Bank Group, Vietnam is seen as a potential major player in the sector because of its strong winds in shallow waters near coastal, densely populated areas.

Some industry sources say Danish turbine maker Vestas is one of the potential investors. The companies were looking for sites near ports but talks with local authorities and industrial parks were still preliminary as investors were waiting for the country to approve clear rules on offshore wind farms.

Erik Kjaer of the Danish Energy Agency confirms that since Vietnam has a strong steel output it would make sense to invest in the country as steel is key to making turbines.

Read the original article HERE.

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