Leader Energy, a Singapore-based renewable energy firm, is targeting a VND1.6 trillion ($60.75 million) wind power project in the central province of Gia Lai as it expands its footprint in Vietnam\u2019s renewable energy market.<\/p>\n
The move comes after the Gia Lai People\u2019s Committee granted in-principle approvals to four wind power projects on February 3, with the provincial Department of Finance now inviting investor registrations. <\/p>\n The consortium consisting of Hanoi-headquartered An Phat Construction and Development Investment Consultation JSC and Leader Energy (Vietnam) Pte. Ltd. is the only one registering to invest in the Ia Hla Wind Power Plant project.<\/p>\n The project will be developed on an area of 24.76 hectares in Ia Ko and Chu Puh communes, with a capacity of 40 MW and an estimated annual output of 119.46 million kWh. Out of the total investment of VND1.6 trillion ($60.75 million), VND1.58 trillion is allocated to implementation costs.<\/p>\n Regarding investor capacity, An Phat was established in June 2018, with Nguyen Van Tung as its legal representative. Meanwhile, Leader Energy (Vietnam) Pte. Ltd. is part of Leader Energy, a Singapore-based renewable energy group active in solar, hydropower, wind energy, and energy storage systems.<\/p>\n In Vietnam, Leader Energy has steadily expanded its presence through several notable deals. In 2016, it acquired a 70% stake in Leader Nam Tien Hydropower JSC, which has a capacity of 51.7 MW.<\/p>\n In 2020, the group signed an agreement to acquire a 330 MW solar power project in Vietnam through Clean Energy Vision Development JSC.<\/p>\n In connection with this deal, BCG Energy under Bamboo Capital Group announced on December 5, 2020 that it had successfully raised $43.6 million from Leader Energy (Vietnam) in the form of convertible bonds to invest in its renewable energy segment.<\/p>\n Clean Energy Vision Development JSC, a subsidiary of BCG Energy, is the investor behind the Phu My Solar Power Plant in the former Binh Dinh province (now part of Gia Lai province).<\/p>\n Most recently, in 2023, Leader Energy further expanded its portfolio by acquiring Vinh Hao 6 Power JSC.<\/p>\n Investors identified for 3 other wind power projects<\/strong><\/p>\n For Ia Blu 1 Wind Power Plant and Ia Blu 1 Wind Power Plant Phase 2, the only registered investor is a consortium between Tai Tam Group JSC and Tai Tam Quang Tri Energy Investment One Member Co., Ltd., both based in Hanoi.<\/p>\n Each project has a total investment of VND1.85 trillion ($70.24 million), including more than VND1.73 trillion in implementation costs, with the remainder allocated to compensation, support, and resettlement.<\/p>\n Both projects will be developed on an area of over 24 hectares in Ia Le commune, with a capacity of 42 MW and annual output of approximately 120 million kWh.<\/p>\n Meanwhile, the Chu Pong Wind Power Plant project has attracted a consortium comprising ANI Power JSC, Song Da 505 JSC, and Trang Duc Solar Power JSC as its registered investor.<\/p>\n This project will be developed on 27.3 hectares in Bo Ngoong commune, with a capacity of 42 MW and annual output of around 112,000 MWh. The total investment exceeds VND1.62 trillion ($61.51 million), with more than VND1.6 trillion of implementation costs.<\/p>\n Last July, Binh Dinh and Gia Lai provinces were merged to form the new Gia Lai<\/a> which borders Dak Lak, Quang Ngai, Cambodia, and the East Sea.<\/p>\n Following the merger, Gia Lai is emerging as a renewable energy growth pole in the south-central coast, combining coastal advantages with sun-drenched, wind-swept highlands.<\/p>\n These favorable natural conditions allow the province to develop a diverse renewables portfolio, spanning onshore and offshore wind power as well as ground-mounted and floating solar projects.<\/p>\n<\/p><\/div>\n![\"A](\"https:\/\/i.ex-cdn.com\/theinvestor.vn\/files\/content\/2026\/03\/27\/0654-dien-gio-gia-lai-1925-1534.jpg\")
A wind farm in Gia Lai province, central Vietnam. Photo by The Investor\/Nguyen Tri.<\/h2>\n<\/figcaption><\/figure>\n