Japan-backed $95 mln wind power project launched in southern Vietnam

A consortium of Vietnamese and Japanese firms has broken ground on a 50MW wind power project in Ca Mau, as the southern province accelerates investment in renewable energy.

The consortium comprises Japan-Bac Lieu Energy JSC, Japan-based U&I Advisory Service, and Vietnam’s T-TECH Technology Group.

The Japan-Bac Lieu wind power plant has a total investment of nearly VND2.5 trillion ($95 million). Construction is scheduled for completion by December 31, 2027.

The project will occupy approximately 834 hectares and is expected to supply renewable electricity to Vietnam’s national grid while generating jobs and tax revenue throughout its 49-year operating life.

Ca Mau, which is surrounded by sea on three sides, benefits from year-round coastal wind speeds of 6.3 to 7 meters per second and has estimated wind power potential of 12,000 MW.

The project comes as Vietnam seeks to expand renewable energy capacity under its revised eighth national power development plan (PDP VIII), which prioritizes wind and solar power alongside investments in transmission infrastructure to support the country’s rapidly growing electricity demand.

Huynh Chi Nguyen, Vice Chairman of the provincial People’s Committee, said the province views clean energy as a key driver of economic growth and an important component of energy security and green development goals.

Following its administrative merger with Bac Lieu province last July, Ca Mau has emerged as one of Vietnam’s most promising regions for offshore and nearshore wind power development thanks to its long coastline and favorable wind conditions, Nguyen said at the groundbreaking ceremony held last weekend.

The province targets average annual growth in electricity generation of more than 10.4% between 2026 and 2030 and plans to prioritize renewable energy projects, including wind power, solar energy, and hydrogen production, while upgrading power transmission networks.

Once operational, the Japan-Bac Lieu wind farm is expected to contribute additional clean power to the national grid and support economic development in the Mekong Delta region, local authorities said.