Tai Tam expands energy portfolio with $70 mln wind power project in central Vietnam

A nearly VND1.85 trillion ($70.26 million) wind power project in Gia Lai province marks a new step in Tai Tam Group JSC’s strategy to expand its renewable energy ecosystem.

The Gia Lai People’s Committee has approved a consortium between Tai Tam Group JSC and Tai Tam Quang Tri Energy Investment One Member Co., Ltd. as the investor for the Ia Blu 1 Wind Power Plant – Phase 2 project, with total investment capital of VND1.85 trillion ($70.13 million).

The project will have an installed capacity of 42 MW and annual output of around 120 million kWh. It will cover 24.7 hectares in Ia Le commune, including about 14.7 hectares allocated for turbine foundations, crane pads, underground cable connections and internal roads, while the remaining land will be used for construction activities and equipment storage.

Under the proposed timeline, specialized agreements, feasibility studies, power purchase agreement negotiations, site clearance and land allocation procedures will be carried out between June and October 2026. Construction is scheduled to begin in November 2026, with commercial operations expected from February 2028.

Founded on May 6, 1996, Tai Tam Group JSC is headquartered on Xuan Dieu street in Hanoi. The company’s legal representative is Do Hoang Khai, who serves as CEO.

The company originated from Tai Tam Co., Ltd. with initial charter capital of VND366 billion ($13.89 million). Its founding shareholders included Le Thi An with a 46.59% stake, Do Le Quan with 9.01%, and Do Kim Ngoc with 44.4%.

In May 2025, the company raised its charter capital from VND366 billion to VND666 billion dong.

According to company information, its core business areas are real estate investment and renewable energy. In the renewable energy segment, the company has invested in a range of solar, gas-fired and wind power projects across Vietnam.

Meanwhile, Tai Tam Quang Tri Energy Investment One Member Co., Ltd. was established in June 2020 and is headquartered in Quang Tri province. The company is also represented by Do Hoang Khai who is also CEO.

The company, a subsidiary of Tai Tam Group JSC, initially had charter capital of VND20 billion ($759,000) before increasing it to VND804 billion ($30.5 million) in March 2021. It is the investor behind the Tai Tam Wind Power Plant project in Quang Tri province.

The consortium was also the sole bidder approved in the investor selection process for the Ia Blu 1 Wind Power Plant project, which has the same 42 MW capacity and investment value of VND1.85 trillion ($70.13 million), although Gia Lai authorities have yet to issue a formal investor approval decision for that project.

Gia Lai province accelerates renewable energy investment

Approval of the Ia Blu 1 Wind Power Plant – Phase 2 comes as Gia Lai province intensifies efforts to develop large-scale renewable energy projects.

Earlier this month, provincial authorities submitted proposals seeking approval for several projects, including the Ayun 2 and Dak Ayuon hydropower plants, the Ayun Pa solar power plant in Ia Rbol commune, and the Chu Se – Envision wind power project in Bo Ngoong and Chu Se communes.

As of May 7, Gia Lai authorities had approved investment policies for 30 energy projects, including 16 wind power projects, nine solar power projects, three hydropower projects, one biomass power project, and one waste-to-energy project.

The provincial government has also approved surveys and research by Se San 3A Power Investment and Development JSC for the Se San 3A solar power project, as well as floating solar projects at several irrigation reservoirs, including Ia Ring (Bo Ngoong commune), Ia Mlah (Phuc Tuc commune), and Ia Rto (la Sao commune).

In addition, the Chairman of Gia Lai’s People’s Committee granted in-principle approval for Becamex Binh Dinh JSC to conduct surveys for a solar power project covering 247.6 hectares in Canh Vinh commune.

Gia Lai authorities are also urging the provincial Department of Finance to finalize procedures for 48 additional energy projects.

To support industrial and construction sector growth of 13.5-14.5% during 2026-2030, Gia Lai aims to attract investment into 110 energy projects with combined installed capacity of 5,581 MW and total investment capital of VND198.16 trillion (7.52 billion).

Key projects include the Xa Trang wind power plant phases 1 and 2, scheduled for 2027; the Vinh Thuan wind power plant in 2028; Van Canh 1 and Van Canh 2 wind power plants in 2028; Hon Trau wind power phase 1 in 2029; and the expanded Se San 3 and Se San 4 hydropower projects in 2030.

In 2026 alone, Gia Lai expects nine energy projects with total capacity of 452 MW and combined investment capital of over VND19.8 trillion ($751.77 million) to begin operations.

These include five completed wind power plants with combined capacity of 382.5 MW - Cho Long, Yang Trung, Phat Trien Mien Nui, Che Bien Tay Nguyen and Ia Pech - alongside two hydropower plants with total capacity of 30 MW ((Vinh Son 4 and Ia Glea 2) and two solar power plants with combined capacity of 39 MW (Chu Ngoc - EVNLICOGI 16 - Phase 2 and Krong Pa 2).