Scatec to sell wind plant in Vietnam to SUSI Asia Energy Transition Fund - Scatec Group
Published April 19, 2026
Scatec to Transfer Wind Plant Ownership in Vietnam to SUSI Asia Energy Transition Fund
Scatec Group has announced its decision to sell a wind power facility located in Vietnam to the SUSI Asia Energy Transition Fund. This strategic move marks a significant step in Scatec's ongoing efforts to optimize its portfolio and expand its global renewable energy footprint.
The wind plant, situated in the Binh Thuan province, has a capacity of 48 megawatts (MW) and is part of Vietnam's broader strategy to increase its renewable energy generation. The transaction is expected to be completed in the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions.
Scatec has been actively involved in the development of renewable energy projects in Vietnam, contributing to the country's ambitious goals of achieving 20% of its energy mix from renewable sources by 2030. The company has established a strong presence in the region, with several solar and wind projects in various stages of development.
According to Scatec's CEO, the sale of the wind plant aligns with the company's strategy to focus on larger, more competitive projects that can deliver sustainable returns. The proceeds from the sale will be reinvested into new projects that are in line with Scatec's vision of creating a greener future.
The SUSI Asia Energy Transition Fund, which is focused on investing in renewable energy projects across Asia, aims to facilitate the transition to a low-carbon economy. The fund has identified Vietnam as a key market due to its rapid economic growth and increasing energy demands, coupled with the government's commitment to renewable energy development.
With this acquisition, the SUSI Asia Energy Transition Fund will enhance its portfolio, which already includes a variety of renewable energy assets across the region. The fund's investment strategy is designed to support the growth of sustainable energy solutions that can address the challenges posed by climate change and energy security.
As part of the agreement, Scatec will continue to provide operational support for the wind facility, ensuring a seamless transition and continued performance of the plant. This collaboration is expected to leverage Scatec's expertise in renewable energy operations while allowing the SUSI Asia Energy Transition Fund to benefit from established operational efficiencies.
The transaction underscores the growing interest in renewable energy investments in Southeast Asia, particularly in Vietnam, which has emerged as a promising market for wind and solar energy. The country is experiencing a surge in renewable energy projects, driven by favorable government policies and incentives aimed at attracting foreign investment.
In recent years, Vietnam has implemented several initiatives to promote renewable energy, including feed-in tariffs and investment incentives. These measures have encouraged both domestic and international investors to participate in the development of renewable energy projects, contributing to the country's goal of achieving 21,000 MW of wind power capacity by 2030.
Scatec's decision to divest from the wind plant is part of a broader trend in the renewable energy sector, where companies are increasingly focusing on optimizing their asset portfolios to enhance operational efficiency and financial performance. By selling non-core assets, companies can redirect resources toward more strategic investments that align with their long-term sustainability goals.
As the global demand for renewable energy continues to rise, the importance of strategic partnerships and investments in the sector cannot be overstated. The collaboration between Scatec and the SUSI Asia Energy Transition Fund represents a significant step forward in advancing renewable energy projects in Vietnam and contributes to the region's transition toward a sustainable energy future.
In conclusion, the sale of the wind plant by Scatec to the SUSI Asia Energy Transition Fund highlights the dynamic nature of the renewable energy market in Vietnam. This transaction not only reflects the growing interest in renewable energy investments but also reinforces the commitment of both parties to support the development of sustainable energy solutions in the region.
As Vietnam continues to pursue its renewable energy objectives, the collaboration between Scatec and the SUSI Asia Energy Transition Fund serves as a model for future investments in the sector. The successful execution of this transaction will undoubtedly contribute to the ongoing efforts to build a robust and sustainable energy infrastructure in Vietnam.