Germany's PNE seeks Vietnam approval for $4.6 bln offshore wind project (updated)

PNE AG

23/10/2024 05:10

(Adds details, official comments from paragraph 2 onwards)
       HANOI, Oct 23 (Reuters) - Germany's PNE AG  PNEGn.DE  is
seeking approval from the Vietnamese government to develop a
$4.6 bln offshore wind farm in the Southeast Asian country,
local authorities said on Wednesday.
    If licensed, the company would develop the wind farm with a
capacity of 2,000 megawatts in Binh Dinh province in central
Vietnam, the province's Department of Planning and Investment
said in a statement.
    Vietnam is seeking to boost wind and solar energy
development, with a target of having 6 gigawatts capacity of
offshore wind by 2030, but the target is at risk due to
regulatory hurdles. 
        PNE CEO Per Hornung Pedersen visited the province on
Tuesday and worked with local authorities on ways to move the
project ahead, the department said, adding PNE had been pursuing
the plan since 2019.
  
        PNE was part of a 
    business delegation
     that accompanied the  German president on a visit to
Vietnam in January.
  
        PNE didn't immediately respond to a Reuters request for
comment.
  
        A senior provincial official, who was not authorised to
speak to media, told Reuters on Wednesday the decision on
whether or not to approve the project would be made by the
central government.
  

 (Reporting by Khanh Vu; Editing by John Mair)
 ((khanh.vu@thomsonreuters.com; +84 24 38259623;))