Making news

Quang Binh calls for German investment in clean energy

Secretary of the Quang Binh provincial Party Committee and Chairman of the provincial People’s Council recently had working sessions with leading German firms operating in clean energy, especially in wind power, in Berlin, as part of investment promotion activities in Germany from September 13 – 17.

Quang said Quang Binh is one of the localities that hold huge potential of renewable energy development, especially wind power. The wind speed reaches 5.5 – 6m per second in coastal areas, and 6.2 – 7m per second in mountainous areas, and the designed capacity estimated at around 900MW.

With preferential power purchase prices, he called on Sowitec and Gicon to pour investments into Vietnam’s central province.

Apart from wind and solar power projects, Quang Binh is also interested in building equipment and spare part plants in the field, as well as waste treatment and electronic factories, he said.

Present in Vietnam in 2017, Sowitec invested in two wind power plants in Gia Lai, and one floating solar power plant in Quang Tri with a total capacity of nearly 200MW.

In Quang Binh, Sowitec poured around 300 million USD into the Quang Binh 1 wind power plant with a designed capacity of 252MW.

Founded in 1994, Gicon now owns technology used in solar and wind power, and biogas. Its leader said Gicon took initial steps to transfer new technology to Vietnam, particularly in clean and renewable energy.

During the stay, the delegation held a working session with Fortis Home company to call for their investment in building a smart and multi-functional trade centre in Dong Hoi city.

After the working sessions, Permanent Vice Chairman of the provincial People’s Committee Nguyen Xuan Quang signed memoranda of understanding on cooperation with corporate executives.