Vietnam's REE adds $124m in capital in wind power bid - Nikkei Asia
Published December 14, 2025
Vietnam's REE Secures $124 Million for Wind Power Initiatives
Vietnamese company REE Corporation has announced a significant capital increase of $124 million aimed at bolstering its investments in wind power projects. This strategic move is part of the company’s broader commitment to expand its renewable energy portfolio and contribute to the country's sustainable energy goals.
REE Corporation, a prominent player in Vietnam’s energy sector, has been actively involved in various renewable energy projects, particularly in wind and solar energy. The recent capital infusion is expected to enhance its capacity to develop and operate wind farms, aligning with Vietnam's ambitious targets for renewable energy generation.
Investment Details and Future Plans
The $124 million capital increase will be allocated towards the construction and operation of new wind power facilities. REE's management has indicated that these investments will not only support the company's growth but also play a crucial role in Vietnam's transition towards cleaner energy sources. The funds are set to be utilized for both onshore and offshore wind projects, which are critical to achieving the country’s renewable energy targets.
Vietnam has set a goal to increase the share of renewable energy in its total electricity generation to 20% by 2030, with wind power playing a vital role in this transition. The government has been actively promoting investment in renewable energy infrastructure, providing incentives and streamlined processes for developers.
REE's Role in Vietnam's Renewable Energy Landscape
REE Corporation has been a key player in Vietnam's energy sector for decades, with a diverse portfolio that includes power generation, water supply, and real estate. The company has been focusing on renewable energy as a critical component of its growth strategy, responding to the increasing demand for sustainable energy solutions both domestically and internationally.
The company has already made significant strides in the wind energy sector, with several projects in various stages of development. REE's commitment to renewable energy is further underscored by its participation in government initiatives aimed at promoting clean energy generation.
Government Support and Market Potential
The Vietnamese government has recognized the importance of renewable energy in achieving its economic and environmental goals. In recent years, policies have been implemented to encourage investment in renewable energy projects, including feed-in tariffs and tax incentives for developers. These measures have created a favorable environment for companies like REE to expand their renewable energy operations.
The market potential for wind energy in Vietnam is substantial, given the country’s long coastline and favorable wind conditions. The government estimates that Vietnam could generate up to 48,000 megawatts (MW) of wind power by 2030, a target that REE aims to contribute to with its ongoing and future projects.
Conclusion
With the recent capital increase of $124 million, REE Corporation is poised to enhance its role in Vietnam's renewable energy sector, particularly in wind power development. As the country continues to prioritize sustainable energy solutions, REE's investments will play a crucial role in meeting Vietnam's renewable energy targets and advancing its commitment to a greener future.
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