(BĐT) – The renewable energy market is becoming more active again as a series of localities such as Gia Lai, Quang Tri, Ha Tinh, Lam Dong, etc. are speeding up bidding for project implementation, calling for investors to participate in this field, contributing to promoting the transition of energy towards green – clean.
Urgently calling for investment
On October 21, 2025, the Department of Finance of Gia Lai province announced a list of 3 wind power plant (WPP) projects with a total investment of VND 19,354 billion, including: Vinh Thuan WPP (total investment of VND 4,679 billion, capacity of 143 MW); Van Canh 1 WPP (over VND 6,904 billion, 160 MW); Van Canh 2 WPP (over VND 7,771 billion, 180 MW). These 3 projects were all approved by the Gia Lai Provincial People’s Committee for investment on October 14, 2025 with the goal of providing clean electricity from renewable energy sources to the national power system, ensuring power supply to serve the socio-economic development needs of the province… According to the published information, all 3 projects selected investors through bidding.
Previously (October 10), the Department of Industry and Trade of Quang Tri province announced that it would invite interested investors to submit registration documents to implement 2 wind power projects with a total investment of more than VND 2,280 billion (SCI Huong Viet wind power plant and SCI Tan Thanh wind power plant). These 2 projects had been invited for investment before, but the registered investors did not meet the requirements of the bidding documents.
The Department of Industry and Trade of Quang Tri province said that in April and July 2025, the Department announced a list of a series of other wind power projects such as: Phuc Thanh An Vinh Phuc Wind Power Plant (nearly 1,278 billion VND, capacity of 30 MW); Phuc Thanh An Quang Tri Wind Power Plant (nearly 1,704 billion VND, 48 MW); Tan Thanh Long Wind Power Plant (more than 1,809 billion VND, 48 MW) … These projects all selected investors through bidding. Up to this point, many projects have selected investors.
In early October 2025, the Department of Industry and Trade of Ha Tinh province issued a notice inviting interested investors to submit applications to implement two “huge” wind power projects: Eco Ky Anh Wind Power Plant (22,647 billion VND, designed capacity of 498 MW) and Ky Anh Wind Power Plant (17,051 billion VND, 400 MW). The form of investor selection is bidding.
Many localities with potential for renewable energy such as Bac Kan, Ca Mau, Vinh Long… have also promoted the announcement of project lists and organized the selection of investors to implement renewable energy projects in the area.
At the working session with the People’s Committee of Lam Dong province on October 22, the delegation of Power Generation Corporation 1 (EVNGENCO1) proposed investing in 4 renewable energy projects in the area, including: Floating solar power project on Dai Ninh lake (capacity 96 MW, investment capital of 1,607 billion VND); Floating solar power project on Ham Thuan lake – phase 1 (100 MW, 1,638 billion VND); Floating solar power project on Da Mi lake – phase 2 (70 MW, 1,149 billion VND); Don Duong pumped storage hydropower project (capacity 1,200 MW, investment capital of more than 29,500 billion VND). EVNGENCO1 has completed the investment proposal and sent it to the Lam Dong Provincial People’s Committee for consideration.
Positive signals
The third quarter electricity industry report recently published by MB Securities Joint Stock Company (MBS) recorded the revival of the renewable energy market, especially in recent months as a result of many important policies to remove obstacles and problems of the industry such as: Adjusted Power Plan VIII and Implementation Plan; price framework for power sources; bidding mechanism; incentive mechanism for developing self-produced and self-consumed rooftop solar power… Currently, enterprises basically have enough basis to implement projects.
Mr. Pham Thy Hung, Deputy Director of the Bidding Management Department under the Ministry of Finance, said that recently, the Government issued Decree No. 225/2025/ND-CP amending and supplementing a number of articles of Decree 115/2024/ND-CP to handle “bottlenecks” in bidding to select investors to implement renewable energy projects in a more favorable and transparent manner, thereby contributing to promoting investment attraction for renewable energy development…
At the Workshop on Prioritizing Policies for Developing Sustainable Energy Infrastructure held on October 23, 2025, Mr. Nguyen Manh Son, Department of Finance – Sectoral Economics under the Ministry of Finance, said that renewable energy in Vietnam is developing rapidly. The proportion of wind power, solar power and biomass power has tripled in the past 5 years, from 5% in 2020 to 15% in 2025. According to Mr. Son, this is the result of the economic restructuring process associated with growth model innovation, in which the role of the private sector is increasingly affirmed through strong participation in strategic energy and infrastructure sectors.
MBS experts said that currently, a number of listed enterprises are actively participating in bidding and implementing new renewable energy projects such as: Gia Lai Electricity Joint Stock Company (GEG); Refrigeration Electrical Engineering Joint Stock Company (REE); Ha Do Group Joint Stock Company (HDG)…
Looking at investment opportunities in this field, Ms. Nguyen Ngoc Nhat Hanh, Project Development Director of Refrigeration Electrical Engineering Joint Stock Company, said that after merging with Ben Tre and Tra Vinh, Vinh Long has become a coastal locality with a coastline of more than 130 km, and at the same time possesses a dense river system, flat terrain and a typical monsoon climate. These natural conditions bring great potential for developing wind power on land, in coastal areas and offshore. In recent times, the Company has participated in selecting investors to implement renewable energy projects in the area, including wind power projects.
It is known that the Board of Directors of Refrigeration Electrical Engineering Joint Stock Company has just approved the establishment of 2 member companies: REE Duyen Hai 2 Wind Power Company Limited and Duyen Hai 3 Wind Power Company Limited to implement 2 wind power projects, V1-5 (VND 2,257 billion) and V1-6 phase 2 (VND 3,864 billion).
Previously in Ca Mau, Ca Mau Renewable Energy Investment Joint Stock Company held a groundbreaking ceremony for the Tan Thuan Wind Power Plant Project – Phase 3…
(baodauthau.vn)
