Vietnam’s onshore wind sector is still gaining strong momentum. (Photo: Nexif Ratch Energy)
Gia Lai Province in central Vietnam has awarded its latest onshore wind power project to Singapore-headquartered renewable energy developer Nexif Ratch Energy.
With abundant natural resources and a strategic location for supplying electricity across Vietnam, Gia Lai has become a hotspot for renewable energy investment, attracting both domestic and international players.
Six projects approved, wind energy takes biggest share
The Gia Lai Province Investment Promotion Center announced on Aug. 25 that it had approved six new investment projects over the past week, comprising two foreign direct investments (FDI) and four domestic projects, with a total value of VND 7.26 trillion (about USD 275.7 million). Nexif Ratch Energy’s wind power plant accounts for the largest share, with registered capital of VND 5.7 trillion (about USD 216.4 million).
