State-owned Petrovietnam has entered into a joint development agreement (JDA) with Denmark’s Copenhagen Infrastructure Partners (CIP) to advance offshore wind energy projects in Vietnam, as part of the country’s broader goal to achieve net-zero emissions by 2050.
The agreement, signed with the participation of the Danish Embassy in Vietnam, builds on a memorandum of understanding between the two companies signed in March 2024.
Petrovietnam stated that the partnership reflects its strategic role in supporting Vietnam’s energy transition, while combining the company’s offshore expertise and infrastructure with CIP’s international experience in clean energy financing and technology.
“This cooperation not only aims to deliver offshore wind projects but also to lay the foundation for a long-term clean energy industry in Vietnam,” Petrovietnam said in a statement.
According to the company, the agreement is expected to help establish a domestic supply chain, generate employment, attract green investment, and enhance Vietnam’s position as a regional hub for clean energy.
Both companies said the JDA reaffirms a shared commitment to accelerating the country’s clean energy transition and strengthening national energy security.
