Mingyang Smart Energy, Xuan Thien Group (via its energy arm XCE Energy) and PowerChina have signed a cooperation agreement to jointly develop a 6GW zero-carbon energy project cluster in Vietnam, covering offshore wind power, green hydrogen and green ammonia, and zero-carbon industrial parks.
The cooperation framework targets the development of GW-scale offshore wind projects in Vietnamese waters, supported by downstream facilities for green hydrogen, green ammonia and green methanol production, alongside integrated energy storage under a combined wind–solar–storage–hydrogen model. The partners plan to leverage Vietnam’s private power sales policies through a direct power supply approach, while also exploring cross-border power linkages, including connections aligned with Singapore-focused green electricity corridors.
The wider project scope includes the establishment of a zero-carbon industrial park in Vietnam, concentrating on wind power equipment, energy storage systems and electrical infrastructure manufacturing. The park is expected to localise production of key components such as wind turbine blades, transformers and power transmission equipment, while deploying heterojunction photovoltaic technology to support on-site consumption and grid export of surplus electricity. Collectively, the initiative is positioned as a flagship example of China–Vietnam cooperation on large-scale renewable energy and industrial decarbonisation.