HANOI : European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind.The Southeast Asian country is seen as a potential m
HANOI : European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind.
Three industry sources, who declined to be named because the matter was confidential, named Danish turbine maker Vestas, which produces blades, generators and nacelles in China, as one of the potential investors. Vestas declined to comment. The government has set ambitious targets in draft plans for the offshore wind sector but has struggled for years to approve them, with more delays seen as likely, and no offshore wind projects currently in operation.
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