Tokyo Gas injects capital into wind power project in Vietnam

The project develop an additional 48,000 kW of power.

Tokyo Gas Co., Ltd. has inked an agreement to invest in Truong Thanh Duyen Hai Wind Power Joint Stock Company, a wind power generation company in Vietnam.

In a statement, Tokyo Gas said the agreement was signed with Truong Thanh Vietnam Group Joint Stock Company (TTVN) and Truong Thanh Energy Joint Stock Company. Through this investment, Tokyo Gas will participate in a nearshore onshore wind power generation project off the coast of Vinh Long Province, Vietnam.

The project will expand TTVN's nearshore onshore wind power plant, which has been operational since 2021 with an initial capacity of 48,000 kW, by adding an additional 48,000 kW of power.

A business feasibility assessment will be conducted within the year, taking into account factors such as economic rationality and technical feasibility, with the aim of making a final investment decision in 2026.

The Tokyo Gas Group has set out the "challenge of achieving net-zero CO2 emissions" in its management vision, "Compass 2030."