Nexif Ratch Energy has partnered with Khanh Hoa Province’s Department of Planning and Investment through a Memorandum of Understanding (MoU) to jointly develop the 102MW Nexif Energy Khanh Hoa 1 Wind Power Project.
Following a survey license secured in May 2021, the installation of two on-site met masts (January 2022 and March 2023), and the completion of a bankable energy yield assessment, the project is advancing to its next development phase. This project represents Khanh Hoa province’s first wind power initiative, complementing its existing nine operational solar projects and significantly enhancing the province’s renewable energy portfolio.
With a projected investment of USD 155 million, the Project anticipates an annual clean energy generation of 312,500 MWh. Upon completion, it is poised to deliver substantial benefits to local communities and industries, including over 100 job opportunities and considerable tax revenue during both construction and operation.
The MoU underscores Khanh Hoa Province’s aspiration to become a leading economic center by 2030, prioritizing sustainable infrastructure development, and reflects Nexif Ratch Energy’s commitment to expanding its renewable energy initiatives in Vietnam based on its proven track record.
[CEO Name], CEO of Nexif Ratch Energy, stated, “We are eager to cultivate a collaborative relationship to support research, investment, and permitting for the Nexif Energy Khanh Hoa 1 Wind Power Project. This MoU signifies our ongoing dedication to growth in Vietnam, with Khanh Hoa remaining a key area for future investments.”
[Chairman Name], Chairman of the Development Committee of Nexif Ratch Energy, added “This partnership marks a significant achievement in the province’s energy transition. The Nexif Energy Khanh Hoa 1 Wind Power Project aligns with our strategic vision of bolstering energy security through renewable sources and the province’s goals of driving economic expansion while advancing its environmental objectives.”
Nexif Ratch Energy is a prominent Independent Power Producer specializing in renewable energy, with a strong presence in [Country] and [Country]. In Vietnam, the Company operates two hydroelectric power plants and manages a substantial pipeline of onshore wind and solar projects. This positions the Company to capitalize on the forthcoming regulatory framework for renewable energy projects anticipated from the Vietnamese Government. This new framework will provide clarity for independent developers following a prolonged period of interim arrangements. The Company expresses confidence in the Vietnamese renewable energy sector’s prospects and sustained growth.
About Nexif Ratch Energy:
Nexif Ratch Energy is a renewable energy company involved in the origination, acquisition, development, construction, and operation of clean energy projects across the Asia Pacific region. Headquartered in Singapore with regional offices throughout Southeast Asia, the Company boasts a 378 MW portfolio of operational, under-construction, and ready-to-build hydro, solar, and wind assets, and a development pipeline of wind, solar, and energy storage projects totaling 3.6 GW.
Nexif Ratch Energy is jointly owned by Nexif Energy (Singapore) (51%) and RATCH Group (Thailand) (49%).
Chariya Poopisit
Nexif Ratch Energy
