Levanta Renewables Acquires 80% Stake in 50MW Operational Onshore Wind Project in Gia Lai, Vietnam
Levanta Renewables, Actis' pan-Southeast Asia renewable energy platform, has acquired an 80% stake in a fully operational 50 MW onshore wind project in Gia Lai Province, Vietnam. The asset generates over 150 GWh annually and sells power to state-owned Vietnam Electricity (EVN) under long-term PPAs. The transaction is Levanta's fifth regional acquisition, bringing its total operating capacity to approximately 400 MW.
Transaction date: · Source: levantarenewables.com
Key facts
- Transaction date
- Technology
- Onshore Wind
- Capacity
- 50 MW
- Transaction price
- Not disclosed
- Buyer
- Levanta Renewables
- Country
- Vietnam
- Region
- Gia Lai Province
- Location
- Gia Lai Province, Vietnam
- Continent
- Asia
- Development status
- Operational
- PPA
- Yes
Technology details
Fully operational 50 MW onshore wind project generating more than 150 GWh of renewable electricity annually. Power supplied to state-owned Vietnam Electricity (EVN) under long-term PPAs.
Power purchase agreement (PPA)
Long-term Power Purchase Agreements (PPAs) with state-owned Vietnam Electricity (EVN).
Additional information
Levanta acquires 80% stake; remaining 20% ownership not disclosed. This is Levanta's fifth acquisition in Southeast Asia, bringing its total operating capacity to approximately 400 MW. Including assets under construction and contracted development projects, Levanta's regional portfolio now exceeds 750 MW. Levanta is targeting 1.5 GW of operating capacity by 2028 across Thailand, the Philippines, Vietnam and Malaysia.
Source
Original announcement: https://www.levantarenewables.com/news/levanta-renewables-acquires-majority-stake-in-operating-onshore-wind-asset-in-vietnam/