Ørsted signs MoU with PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC M&C) to support vast global and Vietnamese offshore wind pipeline for clean energy

The agreement brings together Ørsted’s 30 years of experience of developing, building and operating world-class offshore wind farms with PTSC M&C’s strong track record and expertise in energy infrastructure in Asia-Pacific.

This collaboration aims to deliver state-of-the-art offshore substations for Ørsted and T&T’s proposed multi-Gigawatt pipeline of offshore wind projects to supply clean and reliable energy to Vietnam, supporting national Net-Zero targets. In addition to this domestic aspect the collaboration also has an export angle to support Ørsted’s significant global pipeline of offshore wind projects.

The signing ceremony was held at PTSC M&C’s manufacturing facility in Bà Rịa–Vũng Tàu and was attended by representatives of the Bà Rịa–Vũng Tàu local authority, the Embassy of Denmark in Vietnam, plus other partners.

Together, Ørsted and T&T Group are working with a large number of local partners and suppliers to deliver Vietnam’s first flagship offshore wind projects, targeting one project in the central south and one in the north by 2030. Offshore wind is an untapped natural resource, which like Vietnam’s oil and gas resources, can deliver significant economic benefits and provide reliable and domestic power in the quantities needed to fuel Vietnam’s booming economy. 

Sebastian Hald Buhl, Country Manager of Ørsted Vietnam, says: 
“Ørsted is ready to support Vietnam to unleash its full offshore wind potential. Vietnam has some of the best conditions in Asia for offshore wind power, many outstanding engineering companies and a highly skilled workforce. Today’s inaugural agreement between Ørsted and PTSC M&C demonstrates another step forward in our ambitions to collaborate closely with local suppliers to kick-start Vietnam’s new offshore wind industry.”

Dong Xuan Thang, PTSC M&C’s Managing Director, says: 
“The signing of this Memorandum of Understanding with Ørsted will play a very important role for PTSC M&C to develop its capacities for offshore wind market which is growing in Asia as well as other countries around the world”.

Pascal Langeais, Head of APAC Procurement & Supply Chain, says:
“Today’s MOU affirms Ørsted’s commitment to develop and collaborate with PTSC M&C in the years ahead. It announces the beginning of a great journey between our two companies to produce reliable, large-scale green energy together."

For additional information, please contact:
infovietnam@orsted.com

About Ørsted in Vietnam

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. 

Ørsted is the global leader in offshore wind and a majority state owned energy company headquartered in Denmark with business interests across Europe, North America and Asia. Ørsted established itself in Vietnam in late 2020 and since then we have worked closely with Vietnamese partners across government, supply chain and the business community to kick-start the offshore wind industry in Vietnam. 

In September 2021 Ørsted and T&T Group signed an MOU on strategic collaboration for offshore wind projects in Vietnam and are jointly developing a multi-GW pipeline of offshore wind projects in the North and South of Vietnam. 

To learn more about Ørsted in Vietnam, please visit us at https://orsted.vn/en/about-us

Become part of Vietnam’s Offshore Wind Industry. Are you a company in Vietnam interested in becoming a supplier to the offshore wind industry? For more information, please visit https://www.orstedprocurement.com

About PetroVietnam Technical Services Corporation 
Mechanical & Construction

PTSC Mechanical & Construction (PTSC M&C), established in May 2001, is the leading turn-key contractor in Vietnam providing premium Engineering, Procurement, Construction, Installation, Transportation, Hook-up & Commissioning (EPC/EPCIC) services for the upstream, downstream & renewables energy sectors. 

PTSC M&C has successfully served the local and regional oil and gas markets with nearly 80 projects for a wide range of Oil & Gas facilities, including processing platforms, wellhead platforms, living quarters, subsea modules, FPSO modules and Offshore Substation Platforms.

http://mc.ptsc.com.vn/en/about-us/introduction