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In a significant development for Vietnam’s renewable energy sector, Levanta Renewables has secured project financing for its 50 MW Chu Prong Wind Farm in Gia Lai Province through agreements with JSC Bank for Investment and Development of Vietnam.
The Chu Prong Wind Farm is an operational project backed by a long-term power purchase agreement (PPA) with Vietnam Electricity, ensuring stable revenue generation and long-term viability.
This financing marks Levanta Renewables’ second project finance transaction in Vietnam and its second collaboration with BIDV, reinforcing the company’s strategic focus on expanding its renewable energy footprint in the country.
The development underscores growing investor confidence in Vietnam’s wind energy sector, supported by established PPAs and increasing demand for clean power. It also highlights the role of local financial institutions in enabling the scale-up of renewable energy infrastructure.
With this milestone, Levanta Renewables continues to strengthen its commitment to advancing sustainable energy solutions and contributing to Vietnam’s clean energy transition.
