On November 24, 2025, Jiawei New Energy Co., Ltd. held an important trilateral meeting with Vietnam Restoration World Group and China Power Construction Group Shandong Electric Power Construction Co., Ltd. to reach a deep cooperation consensus on the development of wind power and smart city projects in Vietnam, and successfully signed a strategic cooperation agreement for a 1GW wind power project in Vietnam. This major project with a total investment of over 10 billion yuan marks a breakthrough for Chinese new energy enterprises in the Southeast Asian market, demonstrating the firm determination of Chinese and foreign enterprises to work together to promote the development of clean energy.

Project scale and in-depth cooperation content

The total installed capacity of the Vietnamese wind power project signed this time reaches 1GW, with a total investment of over 10 billion yuan, making it one of the largest wind power projects in Southeast Asia in recent years. The project covers the development and construction of multiple wind farms in Vietnam, including complete solutions such as supporting energy storage systems and grid access projects. The three parties will fully leverage their respective professional advantages: Jiawei New Energy, as a pioneer in China's new energy field, has rich experience in project development and capital operation; Shandong Electric Power Construction, as a leading enterprise in the field of power engineering construction, has strong capabilities in project construction and engineering management; Vietnam Restoration World Group, with its profound local resource advantages, provides comprehensive support for the smooth progress of the project in Vietnam. This complementary cooperation model has laid a solid foundation for the successful implementation of the project.

Enterprise Strength and Strategic Development Planning

Jiawei New Energy was founded in 1993 and is one of the earliest enterprises in China to enter the new energy industry. It has accumulated profound technical expertise and project experience in the field of clean energy. Since 2024, the company has accelerated its internationalization strategy and achieved significant breakthroughs in the development of new energy projects in North America, Southeast Asia, and Southern Africa. As a backbone enterprise under China Power Construction Group, Shandong Electric Power Construction enjoys a high reputation in the field of international power engineering construction. With its exquisite technical strength and rich project management experience, it has successfully completed multiple major power engineering projects worldwide. This strong alliance is an important strategic measure for two Chinese companies to deepen international cooperation and jointly explore the Southeast Asian new energy market.

Market prospects and industry development significance

As one of the fastest developing countries in Southeast Asia, Vietnam's demand for clean energy has continued to grow rapidly in recent years, and the government has also introduced a series of policy measures to support the development of renewable energy. The successful signing of the 1GW wind power project will not only effectively promote Vietnam's energy structure transformation and sustainable development goals, but also fully demonstrate the technological strength and competitive advantages of Chinese new energy enterprises in the international market. By integrating the advantageous resources of Chinese and Vietnamese enterprises, this project will bring advanced clean energy technology and reliable power supply to the local area, while creating a large number of job opportunities and promoting local economic development. Keywords: Southeast Asia International News, Southeast Asia Latest News

This cooperation project provides a successful example for Chinese enterprises to "go global" and lays a solid foundation for future international cooperation in a wider range of fields. The three parties involved in the cooperation stated that they will take this signing as an opportunity to further deepen their partnership and jointly explore more opportunities for cooperation in various fields. Editor/Yang Beihua