Copenhagen Infrastructure Partners Inks Renewable Energy MoU in Vietnam

Vietnam’s oil and gas group Petrovietnam (PVN) and Copenhagen Infrastructure Partners Group (CIP) of Denmark will cooperate in the renewable energy sector following the signing of a Memorandum of Understanding (MoU) between the two companies.

Under the MoU, the two firms will share knowledge and information on energy transition from oil and gas to renewable energy, with specific topics such as technology, supply chain, logistics, infrastructure and technical expertise. They will also explore opportunities for cooperation in developing offshore wind power projects in Vietnam.

For its part, CIP Group will support training programmes on new types of renewable energy such as technology to convert electricity into other fuel sources, power storage and energy islands.

Deputy General Director of PVN Phan Tử Giang said that developing clean and renewable energy will help support environmental protection and minimise the negative impacts of climate change in the Southeast Asian nation.

Board member of CIP Group Robert Helms said his firm was looking forward to cooperating with PVN to research and develop offshore wind power projects in Vietnam and developing the infrastructure system and supply chain for similar projects in the future.

Vietnam has set high net-zero emission goals and is committed to reach net-zero emissions by 2050.