Huge potential
The offshore windfarm industry is assessed as a vast potential market. Many research points out that this energy can lead the renewable energy trend in the future, especially the increasing power consumption. According to the World Bank, Vietnam obtains the most significant wind potential in the region, with more than 39% of the total area estimated to have an average annual wind speed greater than 6m/s at an altitude of 65 m, equivalent to a capacity of 512 GW.
Pic 1: Vietnam has many potential to develop offshore windfarm
The difficulties arise
Despite the “hot” market, the deployment stage encountered many drawbacks. The most challenging part of this phase is to study each project’s feasibility since only 7 out of 50 registered projects have been put into operation.
Most of the projects are entangled in the licensing process or have difficulty in calling for investment. With the lack of infrastructure, it is necessary to develop the marine industry supply chain almost from scratch, build capacity and awareness on offshore wind power with localities and fishers, minimize the impact on the community’s livelihoods. The residential community also significantly affects the potential of the project.
Pic 2: he deployment stage encountered many drawbacks
Most of the projects are entangled in the licensing process or have difficulty in calling for investment. With the lack of infrastructure, it is necessary to develop the marine industry supply chain almost from scratch, build capacity and awareness on offshore wind power with localities and fishers, minimize the impact on the community’s livelihoods. The residential community also significantly affects the potential of the project.
…TCO’s Smart Deployment Strategy
Grasping the potential and challenges, TCO quickly established an offshore wind power unit, now focusing on participating in projects that have passed the development stage and found investors. This careful project selection, avoiding waste of resources, is highly appreciated by TCO’s investors because of its efficiency and economic benefits.
Pic 3: AHTS Tan Cang 88/Tân Cảng 06 and Laying spud bargeOEI Tan Cang 02 support offshore windfarm project in Tan Thuan, Ca Mau Province, Viet Nam.
Special attention is paid to service procurement. In addition to taking advantage of available resources and equipment, TCO has signed a comprehensive cooperation document with OEI Marine Energy Construction Joint Stock Company – one of the pioneers in construction and installing wind power systems nearshore and offshore. This cooperation marks a turning point in TCO’s offshore wind power service provision, from only providing transportation and warehousing services to full-stack services.
Pic 4: TCO service delivery process
TCO-OEI’s services have quickly gained trust from both foreign and domestic wind power project investor. With the current capacity, TCO has the basis to believe that we are on the way to becoming one of the leading wind power service providers in Vietnam, and at the same time, targeting the market in the region.
