19 Feb 2025
Ho Chi Minh City, Vietnam, Wayu Energy Pte, Ltd. announces the acquisition of the 12 MW operational Binh Hoa solar project in An Giang province, Vietnam with Vietnam Electricity (EVN) from MXB Joint Stock Company.
The project will support Wayu’s contribution to the UN Sustainable Development Goals by generating 16,500 MWh per year, representing the energy use of around 1,700 households in Vietnam, as well as avoiding approximately 9,000 tonnes of CO2 equivalent emissions per year.
“We are very proud of Wayu’s first acquisition in Vietnam, which represents a first step in our plans for further acquisitions in rooftop and ground mounted utility scale projects as well as investments in other renewables ventures. We are confident in Vietnam’s long-term strategy regarding renewable energy and the government’s recent efforts in making the necessary regulatory changes to nurture this bourgeoning market.” – Wassef Sawaf, Wayu CEO
Vietnam announced its goal to achieve net-zero carbon emissions by 2050 at COP26 in 2021.
About Us
Wayu is a Nala Renewables-owned platform focussed on investments in and the development of Commercial & Industrial, Utility-scale solar power projects in South-East Asia. Launched in 2023, Wayu’s mandate is to operate a portfolio of 500 MW of solar power assets with an initial focus on Vietnam, the Philippines and Indonesia.
Visit: www.wayuenergy.com
Media Contact:
Hardik Desai
Investor Contact:
Amro Assamak
Source: Wayu Energy Pte. Ltd.