Conditions in place for offshore development 11:00 | 16/04/2021 Reducing the cost of capital for offshore wind power projects in Vietnam will be the main driver for lowering electricity costs and encouraging investment in such projects, argue several international energy experts, with the right government policies needed to be implemented quickly to follow through with the countryâs energy development schedule. Conditions in place for offshore development, illustration photo Refrigeration Electrical Engineering Corporation (REE) is planning to work with foreign investors to pilot an offshore wind power project with a total capacity of about 2,000-3,000MW, according to chairman Nguyen Thanh Mai at the companyâs annual general shareholdersâ meeting on March 30.