Deals Counterparts

VinEnergo signs agreement with NKS Renewables to develop 1.3 GW of solar projects in the Philippines

Development Solar announced Philippines Mar 7, 2026
1.3 GW
Capacity
development
Stage

VinEnergo signed an agreement with NKS Renewables to develop 1.3 GW of solar projects in the Philippines.

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Counterparts (2)

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Deal Analysis

VinEnergo and NKS Renewables announced a development agreement on 2026-03-07 for 1.3 GW of solar projects in the Philippines. This development deal involves VinEnergo as developer and NKS Renewables as partner for the 1.3 GW solar capacity. The deal value was not disclosed.
  • VinEnergo and NKS Renewables announced agreement 2026-03-07.
  • 1.3 GW solar development capacity in the Philippines.
  • VinEnergo (developer), NKS Renewables (partner).
  • Deal value not disclosed.

Source Intelligence

KEY DETAILS

VinEnergo will hold more than 80% ownership in these co-development projects and act as the primary developer responsible for financing, construction and operations. Quote: "VinEnergo will hold more than 80% ownership in these co-development projects and act as the primary developer responsible for financing, construction and operations."

Capacity
1.3 GW with NKS Renewables
Location
In the Philippines, the company signed agreements to develop 3.8 GW of solar projects, including 1.3 GW with NKS Renewables, 1.2 GW with URG Asia Corporation and 1.3 GW with 11.11 Growth Properties across Luzon, Visayas and Mindanao.
Announcement
07 Mar 2026
Signing
the company signed agreements to develop 3.8 GW of solar projects, including 1.3 GW with NKS Renewables
COD
commercial operations expected between 2027 and 2028.
PARTIES MENTIONED IN SOURCE
V
VinEnergo developer

"VinEnergo, the renewable energy arm of Vietnam’s Vingroup, has announced a global expansion with development agreements secured for 10 GW renewable energy portfolio across Asia and Europe. ... VinEnergo will hold more than 80% ownership in these co-development projects and act as the primary developer responsible for financing, construction and operations."

N
NKS Renewables partner

"including 1.3 GW with NKS Renewables"

high quality Enriched Mar 7, 2026

Timeline

Announced
Mar 7, 2026
Signed
Closed

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