Scatec ASA has sold its 100 percent stake in the 39.5 MW Dam Nai wind farm in Vietnam to Sustainable Asia Renewable Assets, enhancing the latter's renewable energy portfolio.

Information on the Target

The Dam Nai wind farm, located in the Ninh Tuan province of Vietnam, comprises 15 Siemens wind turbine generators with a total capacity of 39.5 megawatts (MW). This project represents one of the earliest wind energy initiatives in Vietnam, developed according to the highest international ESG (Environmental, Social, and Governance) and technical standards. The operating company behind the wind farm is a vital player in the country's renewable energy sector.

As a landmark contribution to Vietnam's renewable landscape, the Dam Nai wind farm aims to support the nation's transition to sustainable energy sources. The project exemplifies the capabilities of modern wind technology while addressing both local energy demands and broader climate objectives.

Industry Overview in Vietnam

Vietnam's renewable energy market has experienced rapid growth over recent years, particularly in the wind and solar sectors. The government has made significant investments and policy changes to encourage the development of renewable r