A significant milestone in Vietnam’s wind power development has been reached with the official Commercial Operation Date (COD) granted to the wind power company, Shizen Energy Wind Project Vietnam. The 40 MW onshore wind farm in Quang Tri Province’s Huong Hoa District was developed in partnership with Hai Anh Quang Tri Wind Power JSC. It is expected to produce clean electricity for thousands of households and cut down on approximately 35,344 tons of CO₂ emissions annually.

Hugh Kelly, the CEO of Shizen Energy, stated:

“The project is an important step toward Vietnam’s transition to a greener future. We are honored to collaborate with Japanese partners and Hai Anh Quang Tri to provide clean, dependable energy to nearby communities.”

By fusing local knowledge with international creativity, the project shows how international collaboration can hasten Vietnam’s wind power development.

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40 MW Onshore Wind Power Project Vietnam

Eight 5,000 kW Shanghai Electric turbines, totaling 40 MW in power, are part of the Shizen Energy Renewable project in Vietnam. Construction began in January 2024, and in November 2025, following extensive testing and governmental inspection, the project was formally certified as COD.

An estimated 106 GWh of electricity will be produced by the wind farm each year, which is sufficient to power thousands of homes and cut greenhouse gas emissions by 35,344 tons annually. Vietnam’s dedication to sustainable growth and the expansion of renewable energy is demonstrated by this milestone.

Driving Renewable Projects with Shizen Energy and Hai Anh Quang Tri

Shizen Energy Group was established in 2011 and has since grown its renewable footprint internationally, completing projects in Brazil and Southeast Asia. With this onshore wind project, Shizen Energy—which is well-known for its innovations in wind, solar, biomass, and energy management systems (EMS)—now directly supports the growth of wind power in Vietnam.

Anh Quang Hai Tri Wind Power JSC, a subsidiary of Hai Anh Trading and Technologies JSC, led local development and construction efforts. Their partnership with Shizen Energy serves as an example of how global alliances can advance Shizen Energy’s renewable projects while also helping local communities.

A representative for Hai Anh Quang Tri stated:

“Achieving COD makes us very happy. In addition to producing clean energy, this project fortifies Vietnam’s renewable energy infrastructure and international

Support from Japan—the Joint Crediting Mechanism (JCM)

Under Japan’s Joint Crediting Mechanism (JCM), this project is the first to be approved in Vietnam wind power development. The initiative, which is funded by MOEJ, guarantees accurate measurement, reporting, and verification (MRV) of greenhouse gas reductions.

The MOEJ project coordinator, Hiroshi Tanaka, stated:

“Japan’s commitment to global decarbonization and renewable energy partnerships in Southeast Asia is demonstrated by its support of the Shizen Energy wind project in Vietnam.”

Effect on the Growth of Renewable Energy in Vietnam

As a result of its rapid economic growth, Vietnam’s electricity consumption increased from 158 TWh in 2016 to 276 TWh in 2024. Vietnam’s Hai Anh Quang Tri Wind Project intends to increase onshore and nearshore wind capacity to 26,066–38,028 MW by 2030, eventually surpassing 90,000 MW by 2050, in accordance with Power Development Plan VIII (2025–2030).

This objective is directly aided by the Shizen Energy wind project in Vietnam, which serves as a prototype for upcoming 40 MW onshore wind power projects in Vietnam and illustrates how Shizen Energy renewable projects can grow to accommodate the country’s energy needs.

Expanding Clean Energy

Shizen Energy and Hai Anh Quang Tri intend to create more wind power projects throughout Vietnam in the wake of this success. These initiatives seek to boost the Vietnam wind power development strategy, generate more clean energy, and generate jobs locally.

In addition, the project establishes a standard for the adoption of technology, such as Shanghai Electric turbines, and demonstrates how public-private cooperation can hasten the expansion of renewable energy in Southeast Asia.

Shizen Energy Wind Project Vietnam—Quick Overview

Project Name: Hai Anh Quang Tri 40 MW Onshore Wind Power Vietnam
Project Location: Quang Tri Province, Vietnam’s Huong Hoa District;
Developer: Hai Anh Quang Tri Wind Power JSC;
Investor: Shizen Energy Inc. (through a subsidiary)
Turbine: 8 × Shanghai Electric Turbines turbines with a capacity of 5,000 kW
Annual Total Output: 40 MW/~106 GWh
Beginning construction: January 2024, COD in November 2025
Environmental Impact: Approximately 35,344 tons of CO₂ are reduced each year.
Japan MOEJ Support Program: Joint Crediting Mechanism (JCM)

Conclusion

More than just a technical accomplishment, the Shizen Energy wind project Vietnam COD achievement marks a sea change in Vietnam wind power development. The Hai Anh Quang Tn wind project offers a roadmap for the expansion of sustainable energy through local development, JCM support, and international expertise. Shizen Energy and Hai Anh Quang Tri show how 40 MW onshore wind power Vietnam projects can promote both environmental and economic growth at the same time.

Jerin Ismot

Ismot Jerin is the founder and Editor-in-Chief of WindNewsToday, an independent publication covering offshore wind, renewable energy policy, and clean power markets with an analytical focus on the United States and global energy transition.

windnewstoday.com/

REE’s New Subsidiaries Powering Vietnam Wind Power Ambitions

According to the company’s latest board resolution, REE Duyen Hai 2 Wind Power Co., Ltd. and REE Duyen Hai 3 Wind Power Co., Ltd. will spearhead the development of phase two nearshore wind power projects in Vinh Long province.

REE Duyen Hai 2 will oversee the V1-3 phase-two wind power plant, with a projected investment of VND2,260 billion ($85.79 million), including VND677 billion ($25.7 million) in equity.

REE Duyen Hai 3 will manage the V1-5 and V1-6 phase-two wind farms, with a total investment of VND3,860 billion ($146.53 million).

Both companies will be fully owned and funded in cash by REE Energy and are expected to complete investment by Q4 2025. The projects are designed to enter commercial operation by late 2026, contributing an estimated 80 MW of clean power to the grid.

According to Vietcap Securities, Vinh Long Wind projects could generate VND123 billion ($4.67 million) in post-tax profit, with an average selling price of 7.7 US cents/kWh, potentially driving 10% of REE’s earnings growth by 2027. The projects boast an internal rate of return (IRR) of 11.8%.

Vietnam Wind Power Transformation: From Policy to Progress

Vietnam has become one of Asia’s most ambitious wind power nations, targeting 6–17 GW of offshore wind capacity by 2030–2035 and 26–38 GW of onshore capacity by 2030.

The country’s Ministry of Industry and Trade recently issued Decision 1508/QĐ-BCT, raising tariff caps for wind energy—by 18% for onshore and 9% for nearshore projects—providing new financial incentives for investors like REE.

Phu Lac 2 Wind power project Vietnam with 48 MW capacity, Location: Tra Vinh Provience, Image: REE

REE’s current renewable portfolio already includes successful projects such as Tra Vinh V1-3, Phu Lac 2, and Loi Hai 2, all operational since 2021. These wind farms benefit from fixed preferential FiT rates of US 9.8 cents/kWh for offshore and US 8.5 cents/kWh for onshore projects for 20 years.

Vietnam’s wind energy developments now contribute approximately 90,000 MWh of clean electricity annually to the national grid, powering 48,000 households and reducing CO₂ emissions by about 72,000 metric tons every year.

Why This Matters

REE Energy was Vietnam’s first company to transform from a state-owned enterprise into a public company under equitization in 1993 and became the first listed company on the Vietnam Stock Exchange in 2000.

Its proactive shift into wind and solar investments across the Mekong Delta and central regions reflects Vietnam’s wider vision of achieving carbon neutrality by 2050. With these two new wind subsidiaries, REE is not only diversifying its energy assets but also reinforcing its role as a driving force in Vietnam’s renewable energy revolution.

Vinh Long Wind Project Key Takeaways

Company: REE Energy (HoSE: REE)

Projects: V1-3, V1-5, V1-6 Wind Power (Vinh Long Province)

Capacity: 80 MW (phase-two nearshore wind)

Total Investment: ~VND6,120 billion (~$232 million)

Completion: Q4 2025 investment; operations Q4 2026

Expected ROI: 11.8%; 10% contribution to 2027 earnings

National Goal: 6–17 GW offshore & 26–38 GW onshore wind by 2035

Conclusion: Vietnam’s Renewable Energy Future Gains Momentum

As Vietnam continues to modernize its power mix, REE Energy’s expansion symbolizes the next phase of clean energy leadership. With the new subsidiaries and favorable tariff policies, the country is well on track to becoming a major player in the global wind energy landscape—fueling sustainable growth, cleaner air, and a stronger green economy for generations ahead.