German-invested 4.6 billion USD offshore wind power project discussed in Binh Dinh

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(VOVWORLD) - Binh Dinh province is the first location in Asia chosen by the German PNE Group for a 2,000 MW offshore wind power project with an investment of about 4.6 billion USD, as discussed in a meeting with local authorities on Tuesday.

German-invested 4.6 billion USD offshore wind power project discussed in Binh Dinh - ảnh 1Binh Dinh authorities have a working session on October 22 with Per Hornung Pedersen, Chairman and CEO of German company PNE (Photo: Binh Dinh)

Once operational, the project is expected to generate around 7.1 billion kWh of electricity annually for the national grid, enhancing national energy security.

It will also contribute about 63 million USD to Binh Dinh's budget revenue, create jobs, and support the approved renewable energy development strategy through 2030.

Secretary of the provincial Party Committee Ho Quoc Dung said that the offshore wind power project by PNE Group aligns perfectly with Binh Dinh's planning.

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