A consortium proposes to invest in an 850 million USD battery
A consortium of five domestic and foreign enterprises has proposed investing in an electricity storage battery factory in Ho Chi Minh City''s high-tech park with an investment capital of
“Solar energy is the right choice for Vietnam because it's proven technology that can be quickly and readily deployed, even in challenging sites,” she adds. Vietnam's transition to renewable energy comes as the country's electricity needs continue to increase due to strong economic growth projected at 5-7% per annum over the coming years.
Vietnam's Eighth National Power Development Plan, published in 2023, also acknowledges that the country's solar potential is an estimated 963GW of capacity, and the government has since made moves to provide offtake tariffs and better enable onsite self-consumption.
LEGO Manufacturing Vietnam opened in April 2025 and is the company's sixth factory worldwide and second in Asia. Built to support long-term growth in the region and bring more LEGO® play experiences to children around the world, the state-of-the-art facility is also the LEGO Group's most environmentally sustainable factory to date.
The plan also called for 300MW of battery storage deployment and 2,400MW of pumped hydro energy storage (PHES) by 2030. State-owned public power company Vietnam Electricity (VE), is participating in a 50MW/50MWh grid-scale BESS pilot project which marks a first step towards that BESS goal.
A consortium of five domestic and foreign enterprises has proposed investing in an electricity storage battery factory in Ho Chi Minh City''s high-tech park with an investment capital of
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A consortium of five international and Vietnamese companies has proposed investing in an energy storage battery plant in the Ho Chi Minh City-based Saigon High-Tech Park (SHTP), with
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