Vietnam’s trade ministry and General Electric on Monday signed an agreement to develop 1,000 megawatts of wind-power capacity for Vietnam by 2025.
The memorandum of understanding was signed in the presence of Vietnamese President Tran Dai Quang and US President Barack Obama during the latter’s state visit to Vietnam.
As part of the agreement, GE will help identify potential projects in partnership with local developers to provide enough electricity for 1.8 million families in Vietnam.
The US company has a wind turbine equipment and components factory at Hai Phong, from which it can supply local projects.
“Developing renewable energy is one of Vietnam’s priorities in handling energy challenges to support socioeconomic development,” said Dang Huy Cuong, head of the energy department of the Ministry of Industry and Trade.
GE won an order to supply 62 turbines for a 99.2-megawatt wind farm in the southern province of Bac Lieu, the first of its kind in the Mekong Delta.