Copenhagen Infrastructure Partners (CIP), a leading Danish renewable energy developer, and the Vietnam National Industry–Energy Group (Petrovietnam) have officially signed a joint development agreement for one of Vietnam’s first offshore wind projects.

The partnership marks a significant milestone in Vietnam’s clean energy transition and reflects growing international collaboration in the sector.

The agreement builds on a Memorandum of Understanding (MoU) on renewable energy cooperation signed between the two parties in March this year.

Under Vietnam’s revised Power Development Plan VIII, the country aims to develop 6,000 MW of wind power by 2030 and 17,500 MW by 2035, with total capacity projected to reach between 113,000 and 139,000 MW by 2050.