Pacifico Energy Achieves Commercial Operations at Sunpro Wind Farm in Vietnam’s Mekong Delta
Pacifico Energy Vietnam (“PEV”), the Vietnam-based development platform of Pacifico Energy Group (“PEG”), a leading global energy infrastructure developer, has announced the commencement of commercial operations at its 30 MW Sunpro Wind Farm, marking a significant milestone in the company’s long-term strategy in Vietnam. The project officially achieved commercial operations on December 19, 2025, and is now delivering clean, renewable electricity to Vietnam’s national grid, supporting the country’s accelerating transition toward sustainable energy sources.
Located in Thới Thuận Commune, Vĩnh Long Province, within Vietnam’s Mekong Delta region, the Sunpro Wind Farm represents an important addition to regional power infrastructure. The Mekong Delta, traditionally known for agriculture and aquaculture, is increasingly emerging as a key area for renewable energy development due to favorable wind resources and growing electricity demand. Sunpro’s successful commissioning demonstrates how clean energy projects can be integrated into regional economies while contributing to national energy security.
Pacifico Energy Group owns 100% of the Sunpro Wind Farm. The project benefits from a 20-year feed-in tariff (FiT) agreement with Vietnam Electricity Group (EVN), the country’s state-owned utility and sole buyer of grid-connected power. This long-term offtake arrangement provides predictable and stable revenues, ensuring financial sustainability while supporting Vietnam’s broader policy goals of increasing renewable energy penetration and reducing greenhouse gas emissions.
“This commissioning represents a major milestone for Pacifico,” said Nate Franklin, Chairman of Pacifico Energy Group. “Sunpro underscores our long-term commitment to Vietnam’s energy security and sustainable growth. It reflects responsible project development, strict regulatory compliance, and close coordination with both central and provincial authorities. We are proud to bring another high-quality renewable asset into commercial operation in Vietnam.”
Strengthening Pacifico’s Footprint in Vietnam
Sunpro is PEG’s second operating power project in Vietnam, following the successful development and operation of the 40 MW Mũi Né Solar Power Plant. Together, these projects highlight Pacifico’s growing role in Vietnam’s renewable energy sector and its ability to deliver utility-scale infrastructure across different technologies.
With Sunpro now online, PEG continues to advance a broader development pipeline of approximately 1 GW of energy projects in Vietnam. This pipeline spans wind, solar, and other clean energy solutions and is being developed in partnership with local communities, provincial governments, and national stakeholders. Through this long-term approach, Pacifico aims not only to add generation capacity but also to support Vietnam’s economic development, job creation, and energy transition objectives.
The Sunpro Wind Farm alone supplies enough clean electricity to power approximately 27,000 households annually. By displacing fossil-fuel-based generation, the project contributes to lower carbon emissions, reduced air pollution, and improved environmental outcomes, all of which are increasingly important priorities for Vietnam as electricity demand continues to rise.
“The achievement of commercial operations at Sunpro reflects disciplined execution and close coordination with government partners,” said Phạm Quốc Anh, Chief Executive Officer of Pacifico Energy Vietnam. “The project is now operating as planned and contributing reliably to Vietnam’s national grid. This success reinforces our confidence in Vietnam as a core market and our ability to deliver complex infrastructure projects on schedule.”
Financing and Project Execution
The Sunpro Wind Farm was financed through a combination of equity and debt, reflecting strong confidence from both the sponsor and the local banking sector. Senior debt financing of VND 750 billion (approximately USD 28.5 million) was provided by Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of Vietnam’s four major state-owned commercial banks and the second-largest by total assets.
VietinBank’s participation was instrumental in supporting the project’s engineering, procurement, and construction (EPC) activities, as well as refinancing existing shareholder loans. The involvement of a leading domestic bank underscores the growing maturity of Vietnam’s renewable energy financing market and the increasing willingness of local financial institutions to support large-scale clean energy projects.
The total investment for the Sunpro Wind Farm amounts to approximately VND 1,600 billion, reflecting the capital-intensive nature of wind power development, particularly in regions requiring grid interconnection upgrades and specialized logistics.
Technology and Performance
Sunpro has a gross installed capacity of 30 MW and utilizes advanced wind turbine technology to maximize energy output and operational efficiency. The project is equipped with Goldwind GW155-4.5 MW wind turbine generators, which are designed for high performance in low-to-medium wind speed environments, making them well-suited to conditions in the Mekong Delta.
With these turbines, the wind farm is expected to generate approximately 89 GWh of electricity annually. This level of output contributes meaningfully to regional power supply while reinforcing the role of wind energy as a reliable component of Vietnam’s evolving energy mix.
Supporting Vietnam’s Energy Transition
Vietnam is one of Southeast Asia’s fastest-growing electricity markets, driven by rapid industrialization, urbanization, and rising living standards. At the same time, the country has made strong policy commitments to expand renewable energy capacity, reduce reliance on coal, and achieve net-zero emissions by mid-century.
Projects such as the Sunpro Wind Farm play a critical role in translating these national goals into tangible infrastructure on the ground. By combining international development expertise with local execution and financing, Pacifico Energy Group is helping bridge the gap between policy ambition and practical delivery.
Looking ahead, PEG and Pacifico Energy Vietnam plan to continue expanding their renewable energy portfolio in the country, leveraging lessons learned from Sunpro and earlier projects. As Vietnam refines its power development plans and regulatory frameworks, experienced developers with a track record of successful delivery are expected to play an increasingly important role.
Source Link: https://www.businesswire.com/
