Singapore’s Nexif Ratch Energy SE Asia to build $216 mln wind power plant in central Vietnam - Theinvestor
Published December 14, 2025
Singapore’s Nexif Ratch Energy SE Asia to Develop $216 Million Wind Power Plant in Central Vietnam
Singapore-based Nexif Ratch Energy Southeast Asia has announced plans to construct a wind power plant in central Vietnam, with a total investment of $216 million. This project marks a significant step in the region's renewable energy efforts and is expected to contribute to Vietnam's ambitious goals for clean energy generation.
The wind power facility will be located in the Quang Tri province, an area that has been identified as having substantial wind energy potential. The project is part of a broader initiative to harness renewable resources and reduce reliance on fossil fuels in Vietnam, which has been experiencing rapid economic growth and an increasing demand for energy.
Nexif Ratch Energy SE Asia is a joint venture between Singapore’s Nexif Energy and Thailand’s Ratch Group. The company has been actively involved in developing renewable energy projects across Southeast Asia, aiming to provide sustainable energy solutions in the region.
Project Details and Timeline
The wind power plant in Quang Tri is set to have an installed capacity of 50 megawatts (MW). Construction of the facility is expected to commence in the second quarter of 2024, with the aim to complete the project by the end of 2025. Once operational, the plant is projected to generate approximately 200 gigawatt-hours (GWh) of electricity annually, which will be fed into the national grid.
The investment of $216 million underscores Nexif Ratch Energy's commitment to expanding its footprint in Vietnam's renewable energy sector. The funding will primarily be allocated to the construction of wind turbines, installation of necessary infrastructure, and ensuring compliance with local regulations and standards.
Vietnam's Renewable Energy Landscape
Vietnam has been making significant strides in the renewable energy sector, with wind and solar power at the forefront of its energy transition. The government has set ambitious targets for renewable energy, aiming for 20% of the country’s total energy output to come from renewable sources by 2030. The development of wind power is particularly crucial, given Vietnam's extensive coastline and favorable wind conditions.
In recent years, Vietnam has attracted substantial foreign investment in renewable energy projects, with numerous international companies looking to tap into the country’s growing energy market. The government has implemented various incentives to promote investment in renewable energy, including feed-in tariffs and streamlined approval processes for new projects.
Environmental and Economic Impact
The construction of the wind power plant in Quang Tri is expected to have a positive impact on both the environment and the local economy. By generating clean energy, the facility will help reduce greenhouse gas emissions and contribute to Vietnam's efforts to combat climate change. Additionally, the project is anticipated to create job opportunities during the construction phase and beyond, supporting local communities and contributing to economic growth in the region.
Moreover, the integration of renewable energy sources into Vietnam's energy mix is crucial for enhancing energy security and reducing dependence on imported fossil fuels. The development of wind power aligns with the global shift towards sustainable energy solutions and positions Vietnam as a leader in the renewable energy sector in Southeast Asia.
Future Prospects
Nexif Ratch Energy SE Asia's investment in the Quang Tri wind power plant is indicative of the growing confidence in Vietnam's renewable energy market. As the country continues to develop its renewable energy infrastructure, additional projects are expected to emerge, further diversifying the energy landscape.
The success of this wind power initiative could pave the way for more investments in renewable energy, not only in Vietnam but also in neighboring countries within the region. The collaboration between local and international firms will be essential for driving innovation and scaling up renewable energy projects to meet the increasing energy demands of Southeast Asia.
As the global energy landscape evolves, the focus on sustainable and renewable energy sources will remain a priority for governments and businesses alike. The Quang Tri wind power plant represents a significant milestone in this transition, showcasing the potential for renewable energy to play a pivotal role in Vietnam's economic development and environmental sustainability.
Conclusion
The announcement of the $216 million wind power plant by Nexif Ratch Energy SE Asia in central Vietnam marks a significant advancement in the country's renewable energy ambitions. With a projected capacity of 50 MW and an expected annual generation of 200 GWh, the facility will contribute to Vietnam's goal of increasing the share of renewable energy in its overall energy mix.
As construction is set to begin in 2024 and the project aims for completion by 2025, it reflects the ongoing commitment to harnessing renewable resources in the region. The collaboration between local and international stakeholders will be vital for the successful realization of this project and for paving the way for future renewable energy developments in Vietnam and Southeast Asia.
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