Feasibility study and development prospects of offshore wind power projects in Vietnam

IF 1 4区工程技术 Q4 ENERGY & FUELS Proceedings of the Institution of Civil Engineers-Energy Pub Date : 2022-02-28 DOI:10.1680/jener.21.00050

Vu Minh Phap, Le Quang Sang, Ngo Phuong Le

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引用次数: 1

Abstract

Vietnam is a promising market for offshore wind power development because Vietnam is one of the countries having the largest wind power potential in Southeast Asia. However, some barriers such as high investment costs, complicated construction conditions, and long construction time have influenced the development of offshore wind power projects, thus, there is currently only one operational offshore wind power project. In this paper, the economic, technical, environmental efficiency of an offshore wind power project with a capacity of 30 MW in the Southern region of Vietnam is studied by using the Windpro program and the Retscreen software. The support policies of the government and obstacles in the investment process for offshore wind power projects are also analyzed. The research results show that the investment of case study offshore wind power project in the Southern region of Vietnam is economically feasible with the new Feed-in Tariff (FIT) price with the IRR of 18.6%, the NPV of $ 19,278,263, Benefit-Cost (B/C) number of 1.9 and the payback period of 8.3 years. However, the government needs to continue to improve support policies for offshore wind power in Vietnam, thus, incentivizing offshore wind farm projects can develop more in the next time.

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越南海上风电项目可行性研究及发展前景

越南是东南亚风力发电潜力最大的国家之一，是海上风电开发的一个有前景的市场。然而，由于投资成本高、建设条件复杂、建设时间长等障碍，影响了海上风电项目的发展，目前海上风电运营项目只有一个。本文利用Windpro软件和Retscreen软件对越南南部地区一个容量为30兆瓦的海上风电项目的经济、技术和环境效率进行了研究。分析了政府对海上风电项目的支持政策和投资过程中的障碍。研究结果表明，案例研究的越南南部海上风电项目在新的上网电价(FIT)价格下投资具有经济可行性，IRR为18.6%，净现值为19,278,263美元，效益-成本(B/C)数为1.9，投资回收期为8.3年。然而，越南政府需要继续完善对海上风电的支持政策，这样，激励海上风电场项目才能在未来发展得更多。

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来源期刊

Proceedings of the Institution of Civil Engineers-Energy ENERGY & FUELS-

CiteScore

3.00

自引率

18.20%

发文量

期刊介绍： Energy addresses the challenges of energy engineering in the 21st century. The journal publishes groundbreaking papers on energy provision by leading figures in industry and academia and provides a unique forum for discussion on everything from underground coal gasification to the practical implications of biofuels. The journal is a key resource for engineers and researchers working to meet the challenges of energy engineering. Topics addressed include: development of sustainable energy policy, energy efficiency in buildings, infrastructure and transport systems, renewable energy sources, operation and decommissioning of projects, and energy conservation.