18Jan 2018, Today in Hanoi, Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (“REGS”), together with PetroVietnam consortium comprising Petroleum Equipment Assembly & Metal Structure (“PVC-MS”) and VietSovPetro (“VSP”), MHIVestas Offshore Wind (“MVOW”), and DNV GL signed a series of exclusive Agreements forming an alliance for multi-phased, utility-scale wind developments, offshore Southern Vietnam, including feasibility, environmental, development, financing planning through implementation.
Ian Hatton, Enterprize Energy’s Chairman and Founder Director commented, “Vietnam’s impressive economic growth is driving a need for new energy resources. Government has a very clear determination to meet rising energy demand with substantive growth in the supply of low-carbon, renewable energy”. He continued, “We have high-graded an area which we refer to as the Ke Ga Offshore Wind Development Zone (Ke Ga OWDZ)’, offshore southern Vietnam, where we believe our alliancing approach has the potential to deliver utility-scale offshore wind energy development within Government’s price expectations”.
The Ke Ga OWDZ is an area outside of the current oil and gas production areas of the Cuulong Basin between 20 and 70 kilometres offshore southern Vietnam’s Binh Thuan and Ba Ria-Vung Tau Provinces, the latter being the location of the PetroVietnam consortium offshore yards where the turbine foundations and offshore electrical sub-station platforms would be fabricated prior to installation in the zone.
Ian Hatton said, “PVC-MS and VSP have world-class engineering design and fabrication capability as proven by the many structures they have produced that serve Vietnam’s offshore oil and gas industry. It is our belief that the Ke Ge Offshore Wind Project (Ke Ga OWP) will have the highest local content level of any offshore wind farm anywhere. So, not only will the project provide potential energy for the major economic growth areas of southern Vietnam, they will also provide a major stimulus to southern Vietnam’s economy, sustaining existing employment in fabrication yards, and creating new, long-term employment opportunities in operations and maintenance”.
“We are also very pleased to be joined in the Ke Ga Alliance now by offshore Wind Turbine Generator (WTG) technology player, MHI Vestas Offshore Wind, who produces the market leading, high-productivity V164 turbine. Early selection of the preferred turbine will enable us to move rapidly and efficiently towards a financeable development in parallel to the environmental assessment and grid integration processes. It is also our intention to bring forward additional concepts for energy storage to provide improved grid stability. This anticipates the impact of increasing volumes of energy generated from variable natural resources. This in turn can lead to additional economic benefit by enabling development of ‘mission-critical’ facilities such as data-centres and medical facilities.”
Enterprize Energy is Joint Venturing with Renewable Energy Global Solutions, another Singaporean Company whose offshore wind project development management team has extensive previous experience with the engineering design and deliveries of many of the advanced technology solutions for oil and gas production facilities in Vietnam’s offshore jurisdiction and in different continents world-wide.
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Leonard Yeo, Founder Managing Director of REGS commented: “Our team has strong backgrounds in Asia Pacific energy infrastructure development, financing and implementation. We are working closely with PVC-MS and VSP, contributing our experience and solutions in offshore structures design and series fabrication, logistics optimization and localisation, to lower the cost of energy from offshore wind to meet Vietnam’s stringent energy cost requirements”. He added “We have been involved in the pioneering High-performance 5MW Offshore Wind Farm developments in the German North Sea. Together with the Enterprize Energy team, who successfully conceived and developed the UK’s Ormonde Offshore Wind Farm, a global first commercial combination of 5MW turbine and ‘jacket’-type foundations, we will bring Europe’s latest technology developments and best practices to catalyse Vietnam’s determination to tap energy from domestic low carbon and renewable resources”. |
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Mr. Pham Tat Thanh, Managing Director of PVC-MS said: “Having delivered several offshore energy facilities to the requirements of international O&G operators in Vietnam, this co-operation is testimonial of PVMS’ long term commitment to the renewable energy sector. With a strong track record in jacket production, PVMS intends to focus on meeting the OWF industry special demands for series production and as a reliable partner in the OWM construction supply chain by participating at this early development stage“. |
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Mr. Vu Mai Khanh, Deputy General Director of VSP commented: ”As a unique offshore O&G operator with in-house R&D, fabricating facilities, and marine assets, VSP is also Vietnam’s 1st and longest offshore oilfield developer-operator. As co-developer, we look forward to making electricity generation from offshore wind affordable to Vietnam, just as we have done so 3 decades ago as pioneer in exploiting South Vietnam’s offshore oil.” |
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Thomas Karst, Chief Sales Officer for MHI Vestas, said: “MHI Vestas is pleased to be part of this progressive offshore wind alliance. Our best-in-class product offering is very suitable for local site conditions, so we look forward to putting our technology and service solutions to work as we help Vietnam move toward a green energy future.” |
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Mr. Mathias Steck, Executive Vice President Asia Pacific, DNV GL – Energy said: “DNV GL is committed to support the development of renewable energy in Vietnam and delighted to be chosen as international technology partner for this exciting project. DNV GL’s broad experience in offshore wind will help the co-developers of the Ke Ga Alliance to reduce the project’s risks and optimize the cost of electricity.” |
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