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Vietnam, gateway for SK Group’s global renewable energy push

Korea Economic Daily LogoKorea Economic Daily6h ago

Vietnam, gateway for SK Group’s global renewable energy push - Korea Economic Daily

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The site is considered optimal for wind energy due to consistent air currents that flow along the country’s long coastline from north to south throughout the year.“The Tien Giang region has an average wind speed of 6 to 8 meters per second,” Kwon Ki-hyuk, the head of SK Innovation E&S Vietnam office.“In Korea, we have to go far offshore to find that kind of wind, but here, it’s available right along the coast.”SK E&S, the former entity of SK Innovation E&S before its merger with parent SK Innovation in 2024, teamed up with Gia Lai Electricity JSC (GEC), a member of Vietnam’s major conglomerate TTC Group, in 2022 to develop the offshore energy project.

STEPPING STONE TO A BIGGER GLOBAL MARKET The wind farm serves as a cornerstone of SK Innovation E&S's big picture to expand its renewable energy business globally.

TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, generating enough electricity to power around 200,000 households in the Southeast Asian country each year.


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Vietnam, gateway for SK Group’s global renewable energy push - Korea Economic Daily (Picture 1)Vietnam, gateway for SK Group’s global renewable energy push - Korea Economic Daily (Picture 2)Vietnam, gateway for SK Group’s global renewable energy push - Korea Economic Daily (Picture 3)

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Category: Economy

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 20:41:22 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 28820216

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Official Website: kedglobal.com

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News Last Updated: 8 hours ago

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