Warburg Pincus-backed IP developer BW partners with energy firms to power data center boom in Vietnam
Warburg Pincus-backed industrial real estate developer BW Industrial Development JSC has signed two strategic MoUs with partners from Vietnam, in a move to scale up energy infrastructure to meet rising demand from hyperscale data centers and high-tech manufacturers.
The agreements were inked on Tuesday between BW Industrial and Becamex VSIP Power Investment and Development JSC (BV Power) and Vietnam Singapore Smart Energy Solutions JSC (VSSES).
Under its agreement with BV Power, BW Industrial will develop large-scale electricity infrastructure at its BW Supply Chain City industrial park, targeting tech tenants with high and stable energy requirements.
The signing ceremony of MoU on cooperation between BW and BV Power, VSSES on March 24, 2026. Photo courtesy of BW.
Within the next 12 months, BW aims to deliver an initial capacity of 120 megawatts to support early operations. Over the following three to five years, the two sides plan to expand capacity to around 700 megawatts through the addition of 220kV and 110kV substations.
The development aligns with urban planning in Ho Chi Minh City, where Binh Duong ward – home to BW Supply Chain City project – is being positioned as a future digital technology hub.
Separately, BW signed a cooperation agreement with VSSES to deploy rooftop solar systems at its BW Bau Bang industrial park.
The project will have a capacity of 30 megawatt-peak (MWp), covering approximately 240,000 square meters of rooftop space, making it one of the largest rooftop solar installations in Vietnam’s industrial real estate sector.
The system is expected to generate up to 40.5 million kWh of renewable electricity annually, helping tenants reduce carbon footprints and meet increasingly stringent environmental, social and governance (ESG) requirements.
With a total industrial land bank of about 10 million square meters and nearly three million square meters of available rooftop space, BW has the potential to scale its solar capacity to more than 100 MWp in the near term.
BW is backed by a consortium of major investors including the U.S.’s Warburg Pincus, Vietnamese industrial developer Becamex IDC, and ESR Group. It currently serves more than 475 tenants across 60 projects in key industrial provinces nationwide.
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