Levanta boosts Vietnam’s clean energy with 50 MW wind acquisition

The project produces over 150 GWh of renewable electricity annually.

Levanta Renewables, the pan-Southeast Asia renewable energy platform backed by Actis, has acquired an 80% stake in a fully operational 50 MW onshore wind project located in Gia Lai Province, Vietnam.

The wind asset generates more than 150 GWh of renewable electricity annually and supplies power to the state-owned utility Vietnam Electricity (EVN) under long-term Power Purchase Agreements (PPAs).

The acquisition marks Levanta’s fifth completed transaction in Southeast Asia and strengthens its presence in Vietnam’s growing renewable energy market.

Following the deal, the company’s total operating capacity has reached approximately 400 MW.

Including assets currently under construction and contracted development projects, Levanta’s regional renewable energy portfolio now exceeds 750 MW of total capacity.