Category: Vietnam

Nexif forges partnership with Ratch Group for Vietnam’s 80MW Nexif Energy Ben Tre wind project Ratch Group has joined the Ben Tre near-shore project which began construction last month Australian power company Nexif Energy has formed an equal partnership with Ratch Group for the construction and operation of the 80MW Nexif Energy Ben Tre wind […]

GE Renewable Energy wins 88 MW onshore wind farm in Ninh Thuận Province, South Central Vietnam Contract signed with BIM Wind JSC, a joint venture company between Philippines AC Energy and Vietnam BIM Energy Holding for an 88 MW wind farm * Selection of the GE Cypress turbine, GE’s largest onshore wind turbine * Wind […]

Vietnam’s wind power sector attractive to investors, construction firms With an increasing demand for electricity in Việt Nam, the wind power construction sector has flourished, with local and foreign firms getting in on the action. A top executive at Coteccons, one of the biggest realty firms in Việt Nam, told media the firm may invest […]

SP Group inks MOU with BCG Energy to invest in renewables in Vietnam SP Group (SP) and BCG Energy Joint Stock Company (BCG Energy), a wholly owned subsidiary of Bamboo Capital JSC, signed a Memorandum of Understanding (MoU) to invest in renewable energy projects in Vietnam. The MOU also provides an exclusive right for SP […]

As Banks Shun Coal, Vietnam Emerges an Unlikely Solar Champion Even countries with weak climate goals are getting swept up in the global clean energy transition. Nguyen Tuan was watching the sun shine down on his four-hectare cantaloupe farm in southern Vietnam when he realized it could do more than help his crops grow. The […]

Foreign investors increase acquisitions of renewable energy projects in Vietnam Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises. Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam. Notably, in Dak Nong […]

Thailand’s Ratch Group acquires 50% stake in Singapore-based energy firm Nexif Energy to expand its wind power business in Vietnam SET-listed Ratch Group has acquired a 50% share in Singapore-based energy firm Nexif Energy BT Pte in a 272.58-million-baht deal to expand its wind power business in Vietnam. Nexif Energy BT Pte owns Nexif Energy […]

Danish energy company Ørsted launches expansion in Vietnam This comes on the back of Vietnam increasing renewable energy to 30% by 2030 Danish energy company Ørsted has announced its entrance to Vietnam amidst the country’s commitment to raise renewable energy generation by 30% by 2030. Aside from opening an office in the country, it also […]

Vietnam breaks own record as solar capacity surged in 2020 Its solar installations added 9.3 gigawatts to the national grid. Vietnam has increased its solar capacity by eight times, with a series of rooftop solar installations adding 9.3GW to its national grid during 2020. This is much higher than the 378MW it had in 2019. […]

VinaCapital, GS Energy to invest $3 bln in LNG power plants in Vietnam The first phase of the 3,000-megawatt complex in the southern province of Long An should be operational from the end of 2025 VinaCapital, GS Energy to invest $3 bln in LNG power plants in VietnamHANOI: VinaCapital, one of the largest investment and […]