Japanese company Marubeni plans to develop offshore wind energy in Vietnam

Doosan Energy Vietnam (Doosan Vina), headquartered in Dung Quat Economic Zone in Vietnam’s central Quang Ngai province, signed a memorandum of understanding with Japan’s Marubeni Corporation on offshore wind cooperation in Vietnam on Saturday.

Speaking at the signing ceremony, Kim Hyo Tae, CEO of Doosan Vina, said the cooperation is part of the company’s efforts to achieve the net zero emissions target by 2050, which Vietnam announced at the 26th United Nations Climate Change Conference (COP26) held in Glasgow in 2021.

This MoU, together with another previously signed between Doosan Vina and Ørsted, a Danish renewable energy company, will pave the way for Doosan Vina to enter the renewable energy market.

Kim said Doosan Vina is shifting its activities towards investment strategies aligned with the Sustainable Development Goals. He also added that Vietnam boasts great natural resources such as the ocean, wind and solar energy, which allows it to develop renewable energy projects.

Seiji Kawamura, general manager of the overseas energy division (Asia-Pacific) at Marubeni Corporation, emphasized the importance of offshore wind energy in the corporation’s business strategies.

With 50 years of experience in the energy sector in Vietnam, Marubeni aims to contribute to the country’s economy and the national budget, a Marubeni official said.

After signing the MoU, Doosan Vina and Marubeni will analyze the feasibility of industry cooperation in Vietnam.

Doosan Vina plans to produce monopiles as foundations for offshore wind farms and other components for offshore wind farms at its 100-hectare industrial complex in the Dung Quat Economic Zone.

Marubeni intends to explore opportunities to expand cooperation with other Vietnamese companies to strengthen Vietnam’s offshore wind sector.

Doosan Vina and Marubeni are strategic partners in the energy industry in the Asia-Pacific region.

Both parties successfully constructed the Nghi Son 2 BOT Thermal Power Plant in Thanh Hoa Province in north-central Vietnam, with Doosan being the general contractor and Marubenie being a member of a consortium consisting of three investors, namely Marubeni, South Korea’s Korea Electric Power Corporation and Japan’s Tohoku Electric Power Company.

Doosan Vina is a $300 million industrial complex spread over 100 hectares in the Dung Quat Economic Zone.

The company specializes in the production of modules, container cranes, steel structures and power plant equipment.

In Vietnam, Doosan Vina served as the general EPC (engineering, procurement and construction) contractor for large thermal power plants such as Mong Duong 2, Vinh Tan 4, Nghi Son 2 and Song Hau 1.

As for Marubeni Corporation, it is one of Japan’s largest trading and investment companies, with over 160 years of history.

In the renewable energy industry, Marubeni has developed onshore and offshore wind farms with a total capacity of over 2,000 MW in many countries, including Japan and the UK.

In Vietnam, Marubeni was the general contractor for 11 power plant projects, such as the Thai Binh 1 Thermal Power Plant in northern Thai Binh Province and the Nghi Son 2 BOT Thermal Power Plant in north-central Thanh Hoa Province.

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