Sunday, April 5, 2026, 16:23 GMT+7

Investors eye new wind, solar projects worth $430mn in Vietnam’s Gia Lai

Nine wind and solar power projects in Gia Lai Province, located in Vietnam’s Central Highlands, have drawn investor interest, with a total planned capital of about VND11.35 trillion (US$430 million), local authorities said on Friday.

The Gia Lai administration on the same day approved investor interest registration results for the nine projects located in the province’s western region.

The projects are expected to begin construction in September this year and start operations by December next year.

A consortium comprising EMI Investment JSC, Nhon Hoa 1 Wind Electricity JSC, and Nhon Hoa 2 Energy JSC has been selected for five projects with a combined investment of more than VND6.6 trillion ($250 million).

These include three solar power plants and two wind farms.

Among them, the Nhon Hoa 1 solar plant, located in Ia Le Commune, covers 70 hectares with a capacity of 49 MW and an estimated investment of VND836 billion ($31.7 million).

The Nhon Hoa 1A solar project, also in Ia Le and integrated with a battery storage system, has a similar scale and investment of VND831 billion ($31.5 million).

The larger Nhon Hoa 2 solar plant spans 135 hectares, with a capacity of 90 MW and an investment of VND1.545 trillion ($58.6 million).

The two wind power projects, Nhon Hoa 3 and Nhon Hoa 4, are located in Chu Puh and Ia Le Communes. Each project has a capacity of 42 MW and an estimated investment of VND1.72 trillion ($65.3 million) and VND1.678 trillion ($63.7 million), respectively.

Other approved projects include the Ia Ko 1 and Ia Ko 2 wind farms, with a combined capacity of 84 MW and total investment of VND2.962 trillion ($112.4 million), led by Tay Nguyen Power Development JSC.

Another project, the An Thanh Gia Lai wind farm, has a capacity of 40 MW and investment of VND1.586 trillion ($60.2 million).

A smaller solar project, Ia Rsuom - Bitexco - ToNa, will be developed in Uar Commune with a capacity of 11.84 MW and an estimated investment of VND198 billion ($7.5 million).

Gia Lai has recently positioned itself as a major renewable energy hub in Vietnam, benefiting from favorable wind and solar conditions.

The Central Highlands province continues to attract large-scale investments, including recent approvals for wind power projects worth more than VND53 trillion ($2 billion) linked to VinEnergo Energy JSC, a member of Vietnam’s largest private conglomerate Vingroup.