(VOVworld) - GE, a US based global corporation yesterday announced that it signed a Memorandum of Understanding (MOU) with the Ministry of Industry and Trade on developing 1,000MW of Wind energy in Vietnam.
The MOU calls for collaboration in accelerating the development of renewable energy in Vietnam. Accordingly, the ultimate purpose of both parties is to develop a minimum of 1,000MW of new wind farms by 2025. This represents enough energy to power the equivalent of approximately 1.8 million Vietnamese homes.
Under the agreement GE, a US based global corporation with more than 20 years of experience operating in Vietnam, will utilize its global wind development expertise and work with local developers to identify potential projects.
Furthermore, GE will support the implementation of Vietnam’s National Target Program through local manufacturing of wind turbine equipment and components at GE’s Hai Phong facility, plus collaboration with other local suppliers.