Tokyo-based Renova and Petrovietnam Technical Services Corporation (PTSC) have signed a memorandum of understanding (MoU) to collaborate on an offshore wind power project in Vietnam.
Under the terms of the MoU, Renova and PTSC will cooperate on scouting, preparations, offshore surveys, development, construction, implementation, operation and maintenance of the project with a view towards commercialisation.
This signing ceremony was arranged in a special ceremony at the Asia Green Growth Partnership Ministerial Meeting’s Public-Private Forum organised by the Japanese government.
Yosuke Kiminami, the founding president and chief executive of Renova and Le Manh Cuong, president and chief executive of PTSC participated in the ceremony online.
He said: “I am very delighted to form a close cooperative relationship with PTSC, which has advanced technologies for the construction of offshore facilities in Vietnam, where the continued growth of the renewable energy industry is anticipated.
“Renova will work harder on decarbonisation in the country in cooperation with the Vietnamese government, the provincial government, partner companies and local residents.”
Cuong added: “It is encouraging for us to build a partnership with Renova, which has expertise in the overall development of renewable energy projects, including engineering and financing.
“We will work together with Renova towards the commercialization of the offshore wind power project in Vietnam.”