The development of renewable energy is the policy of the Vietnamese Government, in which offshore wind power is considered a breakthrough solution in energy transition, ensuring national energy security.
On September 30, 2023, in Quang Nam province, Vietnam Electricity (EVN) organized the construction launch of the Monsoon – Thanh My 500kV transmission line project (section in Vietnamese territory), has realized the bilateral commitment to cooperation between the Governments of the Socialist Republic of Vietnam and Lao People’s Democratic Republic in the field of energy system development. The Monsoon – Thanh My 500kV transmission line project was approved for the electricity import policy and the connection plan to Monsoon wind power plant (Laos) by the Prime Minister.
Accompanying Vietnam on its renewable energy development journey, the Lotus Onshore Wind Power Project of PC1 Group Joint Stock Company (PC1) and RENOVA, Inc. – Japanese renewable energy developer and power producer, has been provided with green credit worth 173 million USD by the Asian Development Bank (ADB) and syndicated by Export Finance Australia (EFA) and Japan International Cooperation Agency (JICA).