Levanta Renewables acquires majority stake in operating onshore wind asset in Vietnam

The asset generates more than 150 GWh of renewable electricity annually and supplies power to the state-owned Vietnam Electricity (EVN) under long-term power purchase agreements.

Pramod Singh, CEO of Levanta Renewables, commented: “This acquisition strengthens Levanta’s position as a leading renewable energy investor in Vietnam and reflects our continued commitment to supporting the country’s clean energy transition ambitions. As we advance towards our 1.5 GW capacity target, we remain focused on building a resilient and sustainable power system across Southeast Asia.”

Pankaj Sakhuja, CIO of Levanta Renewables, added: “Vietnam has been a key market for Levanta since our inception, and we are progressing approximately 300 MW of PDP8 projects expected to come online over the next two to three years. Our deep understanding of the regulatory landscape allows us to maintain a disciplined, risk-managed approach to investments in the market.”

This transaction marks Levanta’s fifth acquisition in the region, bringing the company’s total operating capacity to approximately 400 MW. Including assets under construction and contracted development projects, Levanta’s regional portfolio now exceeds 750 MW of renewable energy capacity.

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