VinEnergo Unveils Global Renewable Expansion Plan Targeting 100 GW Capacity

VinEnergo has announced an ambitious global expansion strategy, initially focusing on Asia and Europe, with a renewable energy project portfolio of 10 GW that has already secured development agreements. The company aims to significantly scale its international presence and increase its total deployed renewable energy capacity to 100 GW over the next three years.

According to the company’s development roadmap, VinEnergo plans to develop 100 GW of renewable energy capacity globally, with approximately 50 GW targeted in key international markets including North America, Northern Europe, the Mediterranean, and Southeast Asia. These regions are witnessing rapid growth in electricity demand, strong policy support for renewable energy deployment, and increasing opportunities for international investors.

In addition to these markets, VinEnergo is also evaluating expansion opportunities in emerging regions such as Central Asia and Africa, where rising electricity demand and decarbonization commitments are creating new opportunities for clean energy investment. The company aims to collaborate with governments and stakeholders to develop sustainable power infrastructure and support the global transition toward Net Zero emissions.

To support the structured deployment of its renewable energy portfolio, VinEnergo has entered into partnerships with international financial institutions to secure green financing. The company has also signed agreements with several international partners to co-develop projects totaling 10 GW, covering the full lifecycle of renewable energy development from design and project structuring to construction and long-term operations.

In Northern Europe, VinEnergo has partnered with GreenGo Energy to develop a 2 GW renewable energy portfolio across Denmark and Sweden. The company plans to expand its capacity in Northern Europe and across the broader European market to 6.2 GW over time.

In the Philippines, VinEnergo has signed development agreements with multiple partners, including NKS Renewables Inc, URG Asia Corporation, and 11.11 Growth Properties, to develop solar projects totaling 3.8 GW across key regions such as Luzon, Visayas, and Mindanao.

Across these co-development projects, VinEnergo will hold more than 80 percent ownership and act as the primary developer responsible for capital mobilization, project construction, and long-term operations. Several projects commenced development in early 2026 and are expected to begin commercial operations between 2027 and 2028.

The company is also leveraging its in-house capabilities in battery energy storage systems (BESS) manufacturing and integration to enhance system reliability and optimize project economics. Standardized design and proactive equipment procurement are expected to improve operational stability and reduce development risks, particularly in markets with increasing renewable energy penetration.

VinEnergo plans to expand its international project pipeline to 20 GW by the first quarter of 2026, with at least 8 GW of additional projects expected to be signed across Southeast Asia and Africa during the period.

Commenting on the expansion strategy, Nguyen Anh Khoa said the company is entering a new phase of development with the ambition to become a globally competitive renewable energy enterprise. He added that the simultaneous deployment of large-scale projects across multiple markets demonstrates VinEnergo’s capability to manage complex energy developments while contributing to the global energy transition.

In addition to its renewable expansion, VinEnergo has also been advancing major energy infrastructure projects in Vietnam. In 2025, the company broke ground on the Hai Phong LNG thermal power plant, a project with an investment of approximately VND 178 trillion and a planned capacity of 4,800 MW, making it one of the largest LNG-to-power developments in the country.

The company has also been designated as the investor for two offshore wind projects in Ha Tinh with a combined capacity of around 900 MW and a total investment exceeding VND 39 trillion. Additionally, VinEnergo has begun development of the 750 MW Hon Trau Wind Power Plant project in Gia Lai and has been approved as the investor for the 143 MW Vinh Thuan Wind Power Project.

As part of the broader Vingroup ecosystem, VinEnergo aims to provide clean, stable, and efficient energy while adopting international governance standards and integrating advanced technologies such as artificial intelligence and big data into energy operations and smart power systems.