On the occasion of the official visit of their Royal Highnesses the Crown Prince and Crown Princess of Denmark to Vietnam to celebrate the 50-year anniversary of Vietnamese-Danish bilateral relations on the morning of November 1, 2022, Copenhagen Infrastructure Partners (CIP) signed three important agreements with Vietnamese companies and partners; consisting of 2 important Memorandums of Understanding (MOU), and one partnership collaboration agreement to accelerate the development of offshore wind projects and supply chain in Vietnam. The signing ceremony was witnessed by The Crown Prince and Crown Princess of Denmark, His Excellency Nicolai Prytz Danish Ambassador to Vietnam, Deputy Minister of Vietnam Ministry of Industry and Trade – Mr. Dang Hoang An, and Vice Minister of Planning and Investment – Mrs. Nguyen Thi Bich Ngoc.
At the signing ceremony, Mr. Stuart Livesey, Vietnam Country Director of Copenhagen Offshore Partners – CIP’s sister company who develop and construct offshore wind farms on behalf of CIP across the globe – shared: “the signing of MOUs with these local companies reaffirms CIP’s strong confidence in the Vietnamese market and demonstrates our commitment towards the establishment of the offshore wind industry. It includes a foundation for a strong partnership, elements of a strong local supply chain that can be expanded further into wider markets in Asia, and use and expansion of scope for existing ports in Vietnam. These three MOUs signed with companies operating in port services, fabrication and construction, and project development demonstrates CIP’s confidence in the capabilities of local companies, where successful offshore wind projects will need the support, guidance and good working collaboration of strong and capable partners and suppliers. CIP & COP aim to expand the scope of collaboration in the future and present opportunities for Vietnamese companies to participate in the global offshore wind market.”
Collaboration agreement between Xuân Cầu Holdings and CIP to develop offshore wind farms in North Vietnam
Collaboration Agreement signing between CIP and Xuan Cau Holdings
With the aim to quickly deliver offshore wind projects in North Vietnam, the partnership has identified multiple GW of offshore wind projects in North Vietnam for joint research and development. This Collaboration Agreement marks an important milestone for the collaboration journey between a strong, well-respected, and capable local developer and an international experience offshore wind company towards establishing offshore wind in Vietnam, and demonstrates the commitment to the energy transition towards the goal of Net Zero by 2050.
MOU between CIP and PTSC M&C, Semco Maritime to support the fabrication and supply of offshore substation top-side and sub-side for offshore wind projects in Vietnam and increasing international market exposure in Asia and beyond
MOU signing between CIP and PTSC M&C, Semco Maritime
Through this MOU, CIP and its sister company Copenhagen Offshore Partners (COP) seek to supply offshore substations to CIP’s offshore wind projects in Vietnam and to expand global cooperation with PTSC M&C and Semco by exposing them to opportunities for similar workstreams supporting CIPs activities in Taiwan, Japan, and other markets, to expand the potential for exporting further supply chain opportunities from a Vietnamese and Danish business collaboration.
MOU between CIP and Pacific Corporation JSC for potential Vĩnh Tân port services during construction and operation of offshore wind projects
MOU signing between CIP and Pacific Corporation JSC
This MoU is established to allow CIP/ COP to work on their development projects to design and execute a solution where Vĩnh Tân port could be utilized for construction activities and operational support during the lifecycle of offshore wind farms in Vietnam. The port is ideally situated with good facilities to particularly support projects in the South of Vietnam, such as the 3.5GW La Gan Offshore Wind Farm project that CIP is developing in Binh Thuan, and CIP and Pacific are seeking to plan to execute several projects from this base.