On the coastline of Danang, Vietnam, the blue panels of photovoltaic power plants are extending along the coastline, converting abundant sunlight into clean electricity. The energy ambition of this land is expanding outward at an astonishing speed. In VinEnergo's recently announced global strategy, a set of numbers has attracted industry attention: the company has locked in 10GW of renewable energy projects, including photovoltaics, and has signed development agreements for all of them - meaning that a photovoltaic layout led by Vietnamese companies is being fully deployed from Asia to Europe. And all of this is just the beginning. According to the plan, by the first quarter of 2026, this number will double to 20GW.

50GW photovoltaic anchoring in four core areas

According to VinEnergo's development plan, approximately 50GW of its global 100GW renewable energy development target will be invested in the four core regions of North America, Northern Europe, Mediterranean, and Southeast Asia. The surge in electricity demand in these regions and the strong support for renewable energy policies have provided favorable conditions for the implementation of photovoltaic projects. At the same time, the company is also evaluating photovoltaic investment opportunities in emerging regions such as Central Asia and Africa, leveraging the growth in local electricity demand and the promotion of carbon neutrality to tap into new potential in the photovoltaic market.

In the Philippine market, VinEnergo has signed development agreements with multiple partners including NKS Renewables Inc, BURG Asia Corporation, 11.11 Growth Properties, etc., to build a total installed capacity of 3.8GW photovoltaic project in key areas such as Luzon, Visayas, and Mindanao. This is an important milestone for the company in the Southeast Asian photovoltaic market. At present, multiple photovoltaic related projects have started development in early 2026 and are expected to enter the commercial operation stage gradually from 2027 to 2028.

To ensure the smooth implementation of the project, VinEnergo has partnered with multiple international financial institutions to secure green financing; At the same time, we have signed contracts with multiple international partners to jointly develop a total of 10GW of renewable energy projects, covering the entire lifecycle from design, construction to long-term operation, and promoting coordinated progress throughout the entire process.

Full chain control under 80% shareholding

In all cooperative photovoltaic and renewable energy projects, VinEnergo holds over 80% of the shares and serves as the leading developer responsible for fundraising, project construction, and long-term operation. This high proportion shareholding strategy ensures deep control over the entire project lifecycle.

Relying on the ecosystem of its parent company Vingroup, VinEnergo is injecting its own battery energy storage system manufacturing and integration capabilities into photovoltaic projects. Optimizing the reliability of photovoltaic power generation through energy storage systems to enhance overall project revenue; By utilizing standardized design and forward-looking equipment procurement, we can reduce development risks and adapt to the increasing market demand for renewable energy penetration. Advanced technologies such as artificial intelligence and big data have also been integrated into the operation of photovoltaic projects and intelligent power systems, helping photovoltaic projects achieve efficient and stable operation.

The combination of technology empowerment and model innovation is building VinEnergo's core competitiveness in the global photovoltaic market. From energy storage support to intelligent operation and maintenance, from equipment procurement to fundraising, this Vietnamese company is building a replicable and scalable photovoltaic project development paradigm.

The 2030 ambition behind the 20GW reserve

According to the plan, VinEnergo will accelerate the expansion of its photovoltaic project reserves, with plans to increase its international project reserves to 20GW by the first quarter of 2026, including a large number of photovoltaic projects. During this period, new projects with a capacity of no less than 8GW will be signed in Southeast Asia, Africa and other regions, further expanding the global photovoltaic layout.

Nguyen Anh Khoa, the relevant person in charge of VinEnergo, said when talking about the expansion strategy that the company is fully committed to promoting the development of renewable energy businesses such as photovoltaics, with the goal of becoming a globally competitive renewable energy enterprise. The synchronous promotion of large-scale photovoltaic projects in multiple regions not only demonstrates the company's project management and operational capabilities, but also injects momentum into the global energy transformation and photovoltaic industry development.

From the coastline of Da Nang to the ridges of Luzon Island, from the fjords of Northern Europe to the sunny coast of the Mediterranean, VinEnergo's photovoltaic layout is accelerating. The 10GW signed projects are just the prologue, and the 20GW reserve in 2026 indicates even more aggressive expansion. In this wave of global energy transition, a Vietnamese company is trying to leverage its own billion dollar market space with photovoltaics as a pivot. Editor/Yang Beihua