Scatec closes sale of Vietnam wind power plant to SUSI Asia Energy Transition Fund - scatec.com
Published March 28, 2026
Scatec Completes Sale of Vietnam Wind Power Plant to SUSI Asia Energy Transition Fund
Scatec, a prominent player in the renewable energy sector, has finalized the sale of its wind power plant in Vietnam to the SUSI Asia Energy Transition Fund. This transaction marks a significant step in Scatec's strategy to optimize its portfolio and focus on core markets.
The wind power plant, located in the Binh Thuan province, has a total installed capacity of 48 MW. This facility is part of Vietnam's broader efforts to expand its renewable energy capacity and reduce reliance on fossil fuels. The project has been operational since 2021 and contributes to the country's goal of achieving a sustainable energy future.
Scatec's decision to sell the wind power plant aligns with its long-term strategy to concentrate on markets where it can leverage its expertise and enhance its operational efficiency. The company aims to focus on scaling its solar and hydropower projects, which have shown substantial growth potential and profitability.
The SUSI Asia Energy Transition Fund, which specializes in investments in renewable energy projects across Asia, is set to benefit from this acquisition. The fund aims to support the transition to sustainable energy sources in the region, contributing to the reduction of greenhouse gas emissions and the promotion of clean energy technologies.
In a statement regarding the sale, Scatec emphasized its commitment to sustainability and the importance of collaboration with partners who share its vision for a greener future. The company believes that the transfer of ownership to the SUSI Asia Energy Transition Fund will ensure the continued operation and development of the wind power plant, further contributing to Vietnam's renewable energy landscape.
This transaction is part of a series of strategic moves by Scatec to streamline its operations and enhance its focus on high-growth markets. The company has been actively involved in various renewable energy projects across the globe, including solar, wind, and hydropower initiatives.
As the demand for renewable energy continues to rise, Scatec is well-positioned to capitalize on emerging opportunities in the sector. The company's expertise in project development and management, combined with its commitment to sustainability, positions it as a leader in the transition to a low-carbon economy.
Vietnam has been making significant strides in its renewable energy sector, with ambitious targets set by the government to increase the share of renewables in its energy mix. The country aims to generate 20% of its electricity from renewable sources by 2030, with a focus on solar and wind energy. The sale of the wind power plant to SUSI is expected to play a role in achieving these targets.
Scatec's experience in developing and operating renewable energy projects will be invaluable to the SUSI Asia Energy Transition Fund as it seeks to expand its portfolio in Vietnam and beyond. The collaboration between these two entities underscores the growing importance of partnerships in the renewable energy sector, as companies work together to accelerate the transition to sustainable energy solutions.
In summary, the sale of the wind power plant in Vietnam to the SUSI Asia Energy Transition Fund represents a strategic move for Scatec, enabling the company to focus on its core markets while contributing to the expansion of renewable energy in Vietnam. As the global shift towards clean energy continues, this transaction highlights the critical role of investment in sustainable projects to support the transition to a greener future.
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