Saigoneer

    Back Society » Development » Vietnam, General Electric Enter 1,000MW Wind Power Pact

    Vietnam, General Electric Enter 1,000MW Wind Power Pact

    AAA
    American-based General Electric (GE) and Vietnam’s trade ministry have agreed on a massive wind power deal that will supply the country with 1,000 megawatts of power by 2025.

    GE and the Vietnamese government signed a memorandum of understanding in front of Vietnamese president Tran Dai Quang and United States president Barack Obama earlier this week, reports Nasdaq.

    The agreement calls for GE to help local developers vet potential wind power projects which would provide 1.8 million Vietnamese families with electricity.

    GE already operates a wind turbine equipment and components factory in Hai Phong to supply local projects such as these, according to Thanh Nien.

    "Developing renewable energy is one of Vietnam's priorities in handling energy challenges to support socioeconomic development," Dang Huy Cuong, head of the energy department of the Ministry of Industry and Trade, told reporters.

    The first phase of the new wind power plan will see GE supply 62 turbines for a 99.2-megawatt wind farm in Bac Lieu province.

    On the sidelines of Obama’s first visit to Vietnam, the country has signed off on a series of pacts with American businesses over the past three days, including a VietJet order for 100 Boeing 737s and US$3 billion worth of Pratt & Whitney engines. High-value deals with US weapons manufacturers are likely on the horizon as well now that the lethal arms ban has been lifted.

    [Photo via Flickr user Michał Sacharewicz]


    Related Articles:

    Canadian Firm to Invest $150m in New Solar Power Plant

    Experts: Vietnam Must Invest in Renewable Resources to Solve Energy Crisis

    Saigon's $1.2bn Solar Panel Manufacturer May Soon Be a Reality


    If you have enjoyed our work and believe that Saigoneer’s voice is an important one to have, please consider supporting us. Pledge any amount you’re comfortable with in the form of a one-time or recurring donation so we can continue bringing you the stories you love to read.

    Related Articles

    in Development

    $2bn Thu Thiem Eco Smart City Set to Break Ground This Year

    A week after the city unveiled Thu Thiem Empire City, a project that will include Vietnam’s tallest building, a group of Asian developers have announced that they will break ground on its neighbor, th...

    in Development

    'Cable Car' Tourism Developer FLC Group Wants to Build a Mega-Resort in Quang Ngai

    Experts and locals have voiced concerns over the impact a proposed mega-resort on the coast in Quang Ngai Province may have on the environment and the local community.

    in Development

    'House for Trees' in Tan Binh District

    Vo Trong Nghia Architects, winners of ArchDaily’s ‘House of the Year’ award, is undoubtedly Vietnam’s leading sustainable/green design firm. One of their latest projects, ‘House for Trees’ was complet...

    in Development

    15 Projects That Will Change Saigon Forever: Part 1

    The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a n...

    in Development

    15 Projects That Will Change Saigon Forever: Part 2

    The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

    in Development

    15 Projects That Will Change Saigon Forever: Part 3

    The area between Bến Thành Market and the Saigon Opera House is undeniably the epicenter of changes to the city’s urban fabric with the construction of pedestrian promenades, subway stations, a new ad...

    Partner Content

    in Resorts

    Villas Overlooking Non Nước Beach Welcome Families to Savor Central Vietnam’s Splendid Nature

    The calm hush of soft waves accompanies a touch of ocean salt in the air as one wanders along the sand. Tall mango trees clutching eruptions of yellow flowers shade the short stroll from one’s vi...

    in Health

    The Story of Premier Dental, A Pioneering Vietnamese Dental Clinic Chain

    At the turn of the 21st century, dentistry in Vietnam was generally limited to dental departments in hospitals and small, single-chair private offices operating after hours. In 1999, Dr. Võ Văn Tự Hiế...

    in Resorts

    Abandoning Saigon’s Steamy Spring for Cool Ski Slopes Abroad with Club Med

    The arrival of spring doesn’t need to mean you need to abandon your desire to ski this year just yet.

    in Resorts

    New Beachfront Pool Villas Balance the Harmony of Nature and Luxury at Green Bay Phu Quoc Resort and Spa

    “Our philosophy is about creating experiences. Resorts that succeed are so much more than a place to stay; we want to create that journey and lasting memories close to nature. Time is finite so every ...

    in Education

    How Thoughtful Design Boosts Educational Outcomes: Australian International School Undergoes Multi-Million-Dollar Renovations

    According to a 2018 study by the University of Salford in Manchester, carefully considered classroom environments can improve students’ academic progress by up to 16%. Researchers and educators alike ...

    in Health

    Veterinarians Warn Against Anaesthesia-Free Dental Cleaning

    A thorough oral examination is critical for the short and long-term health of one’s pet. Their teeth may appear clean on the outside but hidden dental problems could still be lurking beneath the gum l...

    Baby on Duck