Vietnamese Energy Giant Locks In 10 GW Green Power Deal

A Vietnamese energy company just made one of the biggest renewable energy commitments in Asia, partnering with developers across Denmark, Sweden, and the Philippines to build 10 gigawatts of clean power.

VinEnergo, backed by Vietnam's largest conglomerate Vingroup, announced the deals Wednesday as the first phase of an even bolder vision. The company plans to develop 100 gigawatts of renewable energy worldwide over the next three years, with half dedicated to international markets.

In Northern Europe, VinEnergo teamed up with Denmark's GreenGo Energy to build 2 gigawatts of renewable projects in Denmark and Sweden. The company eventually plans to scale up to 6.2 gigawatts across European markets.

The Philippines represents the largest share of this initial wave, with 3.8 gigawatts spread across three partnerships. VinEnergo will develop projects with NKS Renewables, URG Asia Corporation, and 11.11 Growth Properties in high sunshine areas across Luzon, Visayas, and Mindanao.

VinEnergo isn't just investing money. The company holds more than 80% ownership in these joint ventures and leads every stage from construction to long term operations.

Construction on several projects already started in early 2026, with the first facilities expected to begin producing power between 2027 and 2028. That timeline means communities could see cleaner energy flowing within two years.

The Ripple Effect

This expansion goes beyond building solar panels and wind turbines. VinEnergo brings its own battery energy storage systems to each project, which helps stabilize electrical grids and manage the natural ups and downs of renewable power generation.

The company's standardized approach to engineering and centralized purchasing should make construction more efficient and reduce risks. That matters because smoother builds mean faster delivery of clean energy to communities that need it.

VinEnergo isn't stopping at 10 gigawatts either. The company aims to double its international pipeline to 20 gigawatts by the first quarter of 2026, adding at least 8 gigawatts in Southeast Asia and Africa.

CEO Nguyen Anh Khoa said the secured portfolio demonstrates VinEnergo's ability to execute complex international renewable projects at massive scale. The company is also exploring opportunities in the United States and Mediterranean regions, targeting markets with strong climate commitments and growing electricity needs.

For countries racing to meet decarbonization goals while powering growing economies, partnerships like these offer a proven path forward built on both ambition and real world execution.