09:26 | 17/06/2015 Investment
The Vietnam General Directorate of Energy and the German Agency for International Cooperation (GIZ) signed a EUR 6.9 million agreement to develop Vietnam’s wind power on June 12.
The project, which will be carried out until 2018, is sourced from the German government’s non-refundable official development assistance.
It targets to build a legal framework for developing wind power in Vietnam and support Vietnamese agencies working in the field, while boosting technological transfers and co-operation with Vietnamese partners.
Speaking at the signing ceremony, Deputy Minister of Industry and Trade Hoang Quoc Vuong said that Vietnam has been actively building programmes on developing renewable energy and wind power.
He said he hoped that with Vietnam’s determination and support from the German government, the country would make further progress in boosting and expanding the development of wind power.
According to Annette Frick, First Secretary of the German Embassy in Vietnam, the signing of the project illustrated the German government’s commitment to support the development of renewable energy, particularly wind power in Vietnam.
As Germany has significant experience in the field of wind power, the project will help transfer relevant technologies and techniques to Vietnam, she said./.