Levanta Renewables and BIDV Sign Project Financing Deal for 50 MW Chu Prong Wind Farm in Vietnam

Levanta Renewables, Actis’ renewable energy platform, has signed project finance agreements with JSC Bank for Investment and Development of Vietnam (BIDV) for the 50 MW Chu Prong Wind Farm located in Gia Lai Province. The project is already operational and generates over 150 GWh of electricity annually. This financing marks Levanta's second project financing in Vietnam and their second collaboration with BIDV, underscoring their commitment to developing renewable energy in the country. The wind farm is backed by a long-term power purchase agreement with EVN.

Counterparts (2)

Lender

JSC Bank for Investment and Development of Vietnam (BIDV)

company

borrower

Levanta Renewables

company

Levanta Renewables is an independent renewable energy developer and IPP focused on the development, construction, and operation of large-scale solar PV and battery storage projects. The company is committed to accelerating the energy transition across Europe, with a significant portfolio under development.