Sino-Vietnamese Cross-Border Zero-Carbon Energy Cooperation Implemented, Mingyang, Chunqiao Group, and PowerChina Jointly Build 6 GW Project Cluster

Published: Feb 5, 2026 14:06

Recently, Mingyang Group Chairman Zhang Chuanwei, Xuan Cau Group (XCE Energy is its subsidiary) Chairman Su Yong, and PowerChina International Asia Pacific General Manager Zhou Jiayi met at Mingyang's global headquarters, reaching a strategic cooperation consensus and finalising a major layout for cross-border zero-carbon energy cooperation between China and Vietnam. The three parties will leverage cross-border synergies to invest in and develop an energy project cluster with a total scale of 6 GW, covering three major sectors: offshore wind power, green hydrogen and green ammonia, and zero-carbon industrial parks, setting a new benchmark for green transition cooperation between China and Vietnam.

Building on Mingyang's mature experience with GW-scale wind power projects in Guangxi, this project cluster will develop offshore wind power in Vietnam's advantageous sea areas. Leveraging Vietnam's open policy for private electricity retail, the project will innovatively adopt a "direct power supply" model and connect with Singapore's "2 GW green electricity channel," expanding the scope of cross-border energy cooperation across multiple dimensions.

Regarding industry chain extension, the three parties will focus on wind power-generated green electricity to build a complete industry chain of "green electricity - green hydrogen - green ammonia/green methanol," supported by an energy storage system (ESS) to ensure operational stability through an integrated "wind and solar power + ESS + hydrogen" model. Concurrently, a zero-carbon industrial park will be established in Vietnam, focusing on core areas such as wind power and ESS, introducing heterojunction PV technology to achieve "self-generation and self-consumption, with surplus electricity fed into the grid," and promoting localised production of core equipment like blades and transformers, forming a complete manufacturing loop.

To solidify the cooperation foundation, XCE Energy General Manager Ruan Deming led a team, jointly with PowerChina Central Southern China Electric Power Design Institute and Harbour & Shipping Engineering Company, on a field trip to Hainan. They conducted on-site surveys of key facilities such as the Mingyang Lingao test wind farm and the 200 Nm³/h ion membrane hydrogen production integrated station, and witnessed the off-line and shipment ceremony of the 14 MW offshore wind turbine, gaining a direct understanding of Mingyang's technical strength and industrialisation capabilities in wind power and hydrogen production.

During the field trip, leaders from the three parties implemented the spirit of the previous meeting, held in-depth discussions on cooperation details, and formally signed a strategic cooperation agreement. This laid a solid foundation for the subsequent advancement of the China-Vietnam cross-border zero-carbon energy project and will strongly promote the green and low-carbon transition of regional energy.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
19 hours ago
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
Read More
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
India to build a six-month strategic stockpile of lithium, cobalt and rare earths as demand rises
Amid sustained demand growth, India plans to build a strategic reserve of critical minerals including lithium, cobalt, nickel, copper and rare earths. The stockpile will be sized to cover six months of domestic consumption, aiming to guard against risks of global supply disruptions and sharp raw material price volatility. Led by India’s Ministry of Mines and Ministry of Heavy Industries, the reserve covers key raw materials essential for new energy vehicles, energy storage and the electronics sector, fields where India currently relies heavily on imports. At present, the United States, China, South Korea and other countries have already established strategic reserve systems for critical minerals.
19 hours ago
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
Apr 30, 2026 23:00
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
Read More
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
[Geely's Gan Jiayue: Zeekr 9X to enter markets in the Middle East, Central Asia, and Europe from Q3]
On April 29, during Geely's Q1 2026 results conference, Gan Jiayue, CEO of Geely Auto Group, stated that the Zeekr 9X will be exported to the Middle East in June, launched in Central Asia in Q3, and enter the European market in Q4. Gan also revealed that the Zeekr 8X will be promoted in overseas markets from Q4 this year to Q1 next year. Data shows that in the first quarter, deliveries of the Zeekr 9X reached 22,000 units.
Apr 30, 2026 23:00
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
Apr 30, 2026 22:55
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
Read More
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
[LG Energy Solution posts Q1 operating loss of 207.8 billion won]
LG Energy Solution reported consolidated revenue of 6.6 trillion won in the first quarter, up 1.2% quarter-on-quarter (including approximately 189.8 billion won in North American production incentives). During the same period, it recorded an operating loss of 207.8 billion won. Shipments of pouch-type electric vehicle (EV) batteries declined due to inventory adjustments by major North American customers.
Apr 30, 2026 22:55
Register to Continue Reading
Gain access to the latest insights in metals and new energy
Already have an account?sign in here