La Gan Offshore Wind Project – unlocking Vietnam’s offshore wind potential

18 / 10 / 2021

The La Gan Project is one of the first large-scale offshore wind farms in Vietnam. The La Gan Project is located off the coast of Binh Thuan, with an expected capacity of 3.5 GW under development.

General information

The La Gan project is jointly developed by Copenhagen Infrastructure Partners, Asiapetro and Novasia, and managed by the offshore wind expert Copenhagen Offshore Partners (COP).

The La Gan Project’s main shareholder Copenhagen Infrastructure Partners (CIP) is a Danish fund management company focusing on renewable energy investments, including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, energy storage, transmission, and Power-to-X. CIP has raised seven infrastructure funds with total equity of USD 18 billion from more than 40 Danish and international investors. CIP is developing more than 20GW of offshore wind assets across the globe, including in the US, UK, Germany, Italy, Australia, South Korea, Japan, Taiwan, and Vietnam. Along with CIP, Copenhagen Offshore Partners (COP) is the project manager of CIP’s offshore wind assets with world-class experiences in offshore wind project development, construction management, and operational management.

An offshore wind farm in Europe developed by CIP

As an extension of the cooperation between the two governments of Vietnam and Denmark, in 2020, Copenhagen Infrastructure Partners (CIP) and its local partners signed a memorandum of understanding with Binh Thuan province to develop the La Gan Offshore Wind Farm. The cooperation between CIP and Binh Thuan province government is envisioned to be an exemplary model of successful partnerships between international investors and the local governments.

With an estimated total investment value of USD 10.5 billion, the La Gan Project sets the goal to secure Vietnam’s long-term energy needs and support the sustainable development of local industries by implementing the best industrial practices and adopting state-of-art technologies.

The Project Benefits

Over the project’s lifetime, the 3.5GW La Gan Offshore Wind Farm will provide clean energy to more than 7 million Vietnamese households and support the local economy. According to a study conducted by the international expert BVG Associates, the La Gan Project will create more than 45,000 FTEs direct jobs and contribute around USD 4.4 billion to the Vietnamese economy during its lifetime. The studies also noted that the La Gan project could help the nation avoid 130 million tonnes of CO2 emission for over 25 years of its operation.

In terms of social and environmental responsibilities, the La Gan Offshore Wind Farm continues to engage with local communities and protect the environment with the highest development standards, which are compliant with international standards such as IFC standards and the Equator Principles.

The La Gan Project has been collaborating with local communities to support charity actions, including donations to children in disadvantaged areas, fishermen to encourage environmental awareness, the provinces heavily struck by natural disasters, and Binh Thuan province to fight the COVID-19 pandemic.

Project update

In the latest news in July 2021, the La Gan Wind Power Development Corporation signed an offshore geotechnical survey contract worth several million US dollars with Vietsovpetro, a company partially owned by PetroVietnam and the Russian government. The signing was conducted and witnessed by the Danish Ambassador to Vietnam, Mr. Kim Højlund Christensen.

Under the contract, Vietsovpetro will collaborate with PetroVietnam Technical Services Corporation and Fugro Singapore Ltd to collect soil and rock samples under the seabed. The samples will be tested and used to build detailed ground models of the seabed in the wind farm area. The geotechnical surveys are essential for designing the offshore foundation structures and subsea cables for the project.

So far, the La Gan Offshore Wind Farm has signed four survey contracts worth USD 10 million, including the scopes for offshore wind measurement campaigns, environmental and social impact assessment, and geological surveys. Earlier in 2021, the La Gan Project celebrated the opening of the local project office in Binh Thuan province and the signing of MoUs with six Vietnamese-based suppliers for foundation fabrication and installation harbour services.

For more information about La Gan Project, please visit:
LinkedIn: https://www.linkedin.com/company/laganwind/
Website: https://www.laganoffshorewind.vn/

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