Khanh Hoa 1 & 2

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Viet Nam

Khanh Hoa 1 & 2

NREI is developing two onshore wind projects of 210 MW & 160 MW capacity each in Khanh Hoa Province, Viet Nam (the “Projects”).

Project Status

Permitting: The projects have been included in the provincial power development masterplan. The Provincial Party Committee have recommended to MOIT that the projects are included in the national power development masterplan PDP8.  Pre-feasibility studies for both projects have been  finalized and will be formally submitted upon inclusion of the projects into the PDP8 master plan.

Wind Resource:

– Project 1: 120m met mast installed since Jan 2022; Additional 120m met mast installed in March 2023 in neighbouring site.

– Project 2: 120m met mast installed since Jan 2023;

Expected Timeline

Key Milestone Target date
Survey Approval Completed
Pre-Feasibility Study Approval Completed
PDP8 Inclusion Q1-2024
IRC Grant Q1-2024
Feasibility Study/Grid Connection Agreement Q2-2024
Power Purchase & EPC Construction Agreements/Construction Start Q4-2024
Commercial Operations Date Q2-2026



Business Strategy

Utilising our deep understand of power markets to formulate differentiated strategies to structure, develop and invest in energy transition projects to earn superior returns in high growth markets.

Value Addition

Demonstrated global capability in implementing value accretive power generation projects across the entire project cycle in competitive and regulated power markets, such capabilities include identifying, structuring, developing, acquiring, constructing, and managing power generation businesses.

Target Market

We create, invest in, and manage renewable energy transition businesses across South-East Asia and Australia.


Using established technologies, we optimise solutions to meet market needs in the energy transition including technologies such as hydro power, wind turbines, PV solar, battery energy storage systems and transitional gas fired generation.


We participate in power generation businesses where we can promote responsible environmental stewardship and socially responsible development; including where we can exercise our social responsibility to respect human rights.

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