Giant Japanese Group Marubeni steps in Vietnam’s offshore wind supply chain

Mr. Yudai Kato, President & CEO of Marubeni Asian Power Vietnam and Mr. Kim Hyo Tae, Doosan Vina’s CEO signed the MOU.

Sharing information in the ceremony, Mr. Kawamura emphasized that Marubeni is keen on development of green and sustainable energy, hence, offshore wind will play a very important role in Marubeni’s strategies. Vietnam's economy is rapidly growing than any other country in the Southeast Asia region, and power demand is also expected to significantly increase continuously. Considering the Vietnam Government’s strong commitment to Net-Zero by 2050, the role of offshore wind projects is essential for Vietnam's economic growth and achievement of Net-Zero commitment. Marubeni, having a 50-year presence in the power sector in Vietnam, has a good understanding of Vietnam's power industry and, together with its experiences for offshore wind power projects all over the world, wishes to contribute to Vietnam's economy and government policy.

Participating in the MOU signing ceremony, there are also representatives from both head offices and offices in Vietnam to implement the MOU in Vietnam.

Following the execution of the MOU, Marubeni and Doosan Vina will jointly study and explore the feasibility and viability of collaboration in Vietnam. Doosan Vina plans to manufacture Wind Turbine monopile foundations and other components for the Offshore Wind farm at Doosan Vina’s 100-ha factory in Quang Ngai province. Marubeni also intends to explore and expand collaboration with other capable Vietnamese local manufacturing companies for localization of the equipment to the extent possible, to contribute to the economic growth and development of the offshore wind power industry in Vietnam.

About Marubeni

Marubeni Corporation is a Tokyo-based leading trading and investment firm, founded in 1858 with more than 160 years of history. Marubeni manufactures, invests and provides services in fields such as Textiles, IT, Metals & Minerals, Energy, Infrastructure projects; Aerospace & Ships; Finance, Real Estate; Construction, Industrial Machinery, etc.

In the energy sector, Marubeni is one of the world's leading corporations with extensive experience in developing, constructing and operating power projects. Marubeni's gross generating capacity globally is 36,534MW, of which Marubeni's net capacity is 11,560MW (as of the end of March 2024);

In Vietnam, Marubeni has participated as an EPC contractor for 11 large power plant projects and invested on BOT Nghi Son 2 (1,200MW) which has been COD since 2022; O Mon 2 gas power project (1,050 MW) has been granted an investment certificate and is negotiating gas/power purchase contracts with PVN and EVN; Quang Ninh LNG power project (1,500 MW) has been granted an investment certificate and is going to submit a feasibility study report for appraisal by the Ministry of Industry and Trade.

In the field of renewable energy, Marubeni has invested in the development of more than 2,000MW of onshore and offshore wind power in many countries. Marubeni is one of the first offshore wind developers in Japan with projects near Akita Port and Noshiro Port — the first in Japan to be commercially operational from January 2023. In the United Kingdom, Marubeni has invested in two offshore wind projects, Gunfleet Sands (COD in 2010) and Westermost Rough (COD in 2015). In January 2022, Marubeni won a lease for the development of a Scotwind offshore wind project on the east coast of Scotland, which is one of the world's largest floating offshore wind projects with a capacity of 3,600MW.

About Doosan Vina

Doosan Enerbility Co., Ltd., the mother company of Doosan Vina, formerly known as Doosan Heavy Industries - founded in 1962, is a heavy industrial company headquartered in Changwon, Korea. Doosan’s businesses include manufacturing and EPC services in heavy industrial fields such as Nuclear power plants, Wind turbine power plants, Coal fired and Gas fired power plants, Desalination plants, Castings and Forgings to Construction, Reactor vessels, Steam generators, Pressurized heavy water reactors, generators and Steam turbines and Gas turbines of Power Plant.

In Vietnam, Doosan is a familiar name in the power sector with well recognized as an EPC Contractor of large thermal power plant projects such as Mong Duong II CFPP, Vinh Tan 4 & 4 Extension CFPP, Nghi Son 2 CFPP, Song Hau 1 CFPP…

Doosan is a strategic partner of Marubeni in the power business in APAC, Marubeni and Doosan have successfully constructed the Nghi Son 2 BOT power project in Thanh Hoa province, in which Marubeni is a member of the Investor Consortium while Doosan is the EPC Contractor.