Nexif Ratch Energy inks MoU with Khanh Hoa DPI on wind power project

Nexif Ratch Energy obtained a survey licence in May 2021, installed two on-site masts in January 2022 and March 2023, and completed a bankable energy yield assessment.

The project is now ready for the next stage of development. It will be the first wind power project in Khanh Hoa province. This, along with nine solar projects in operation, will significantly improve the province’s energy mix from renewable resources.

With an estimated investment of $155 million, the project is expected to generate 312,500MWh of clean energy annually. Upon completion, it will provide significant benefits to local industries and residents, including the creation of over 100 jobs and substantial tax revenues during the construction and operational phases.

The MoU highlights Khanh Hoa province's ambition to become a leading economic hub by 2030, with a strong focus on development of sustainable infrastructure and Nexif Ratch Energy's commitment to expanding its renewable projects in Vietnam building on a proven track record.

Cyril Dissescou, CEO of Nexif Ratch Energy said, “We look forward to fostering a cooperative relationship in supporting the research, investment, and permitting processes for the Nexif Energy Khanh Hoa 1 Wind Power Project. The MoU reflects our continued commitment to expanding our renewable energy portfolio in Vietnam, with Khanh Hoa remaining a key focus for future investments.”

Matthew Bartley, chairman of the Development Committee of Nexif Ratch Energy added, “This partnership marks a significant milestone in the province’s energy transformation. The Nexif Energy Khanh Hoa 1 Wind Power Project aligns our strategic vision to enhance energy security through renewable sources and the province’s objectives to drive economic growth while advancing environmental agenda.”

Nexif Ratch Energy is a leading independent power producer, specialising in renewable energy, with a strong presence in Vietnam and the Philippines.

In Vietnam, the company owns and operates two hydroelectric power projects and has a sizeable pipeline of onshore wind projects and solar projects. This positions the company to benefit from the upcoming regulatory framework for renewable energy projects, which is expected to be issued by the Vietnam government.

This new framework will provide greater clarity for independent developers after a prolonged period of provisional arrangements. The company is confident in Vietnam’s renewable energy sector prospect and sustained growth.

Nexif Ratch takes over Minh Luong hydro plant in Lao Cai On January 2, Nexif Ratch Energy Investments Pte. Ltd. (Nexif Ratch Energy) announced its successful acquisition of the 30MW Minh Luong run-of-river hydro power plant with peak hour storage located in the northern province of Lao Cai.

Nexif Ratch Energy signs an MoU for wind power in Binh Dinh Nexif Ratch Energy, a top renewable energy independent power producer in Southeast Asia, has signed an MoU with and the central province of Binh Dinh for the development of a 150MW onshore wind project in Van Canh district.