The signing ceremony between Đồng Tâm Group and CS Wind Corporation. — Photo dangcongsan.org.vn

HÀ NỘI — A South Korean wind turbine manufacturer is planning to build a US$200 million wind power equipment factory in an industrial zone in Long An Province.

CS Wind on Tuesday signed a memorandum of understanding with Đồng Tâm Group for a land lease of 50ha in the province's Đông Nam Á Industrial Zone to develop the factory, with an estimated investment of $200 million in the first phase.

The factory will produce onshore and offshore wind turbine towers as well as offshore wind power products such as piles and transition equipment to supply to the global market.

To date, this will be the largest wind power equipment factory in the world. The factory is expected to supply oversized and overweight equipment weighing from 500 to 4,000 tonnes per unit.

In the first phase, all the imports and exports of the factory will be handled via Long An International Port, estimated at 150,000-200,000 tonnes per year, contributing to local and regional socio-economic development.

Huỳnh Văn Sơn, deputy chairman of the provincial People’s Committee, pledges to create a favourable and transparent business environment for investors coming to the southern province. Long An ranked second in the provincial competitive index in 2023 with rapid urbanisation and strong urban development.

Founded in 1984, CS Wind has become the leading manufacturer of wind towers in the world, supplying more than 13,000 wind towers for global wind engineering companies such as Vestas, Siemens – Gamesa, GE and Goldwind.

CS Wind founded the first factory in Việt Nam in 2003, in Bà Rịa-Vũng Tàu Province. The company is operating production bases in eight countries, including in Việt Nam, the US and Denmark.

Đồng Tâm Group operates in a diversified range of sectors, including building materials, industrial infrastructure and logistics. — VNS