Corio Generation, an offshore wind company, has signed a joint development agreement with FECON, a Vietnamese construction company, for a 500 MW offshore wind project in Vietnam’s Ba Ria-Vung Tau province. The proposed fixed-bottom plant, which would be located between 23-35 km off the coast, is expected to be one of the country’s first large-scale offshore wind projects.
According to Green Investment Group analysis, once completed, it will have the capacity to generate 1.25 GWh of clean energy and offset more than 600,000 tonnes of carbon emissions each year. The project is still awaiting approval and license.
Corio is a Macquarie-owned portfolio company that operates as a standalone business entity. Recently, Corio Generation announced plans to develop five offshore wind farms in Brazil with a total capacity of more than 5 GW. The five fixed-bottom offshore wind projects were constructed in partnership with Servtec Energia, a Brazilian power generation company. Corio is also planning to build the Guarita and Cassino offshore wind farms, both of which will have more than 1.2 GW of capacity, off the coast of Brazil.