Copenhagen Infrastructure Partners & Petrovietnam sign offshore wind agreement
London, August 27, 2025, (Oilandgaspress) –––Copenhagen Infrastructure Partners (CIP), through its Growth Market Fund II, and Vietnam National Industry – Energy Group (Petrovietnam) have signed a Joint Development Agreement (JDA) to collaborate on the development of an offshore wind project in Vietnam’s south-central region. The JDA was signed at a ceremony in Hanoi on Friday, August 22.
The project – in early development phase and subject to relevant regulatory approvals – is expected to be among Vietnam’s first offshore wind initiatives and represents a significant step in the country’s efforts to diversify its energy mix and accelerate its green transition toward a sustainable energy future. The project is expected to unlock long-term economic value, contribute significantly to Vietnam’s energy security and lay the foundation for the development of a robust local supply chain.
CIP is developing the project together with Copenhagen Offshore Partners, CIP’s exclusive offshore wind development partner.
The JDA builds on the Memorandum of Understanding signed in March 2024 by both parties and combines CIP’s global offshore wind expertise with Petrovietnam’s deep local market knowledge and offshore operational capabilities. Since 2024, working teams from both organisations have coordinated closely and shared knowledge and technical expertise while exploring opportunities for potential joint projects.
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