Pacifico Energy Vietnam ("PEV"), the Vietnam-based development platform of Pacifico Energy Group ("PEG"), a leading global energy infrastructure developer, today (Aug 27) announced the closing of up to $28.5 million in senior debt financing from Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) for its utility-scale Sunpro Wind Farm project. This is PEG's second power project in Vietnam and a pivotal step in the company's expansion in Vietnam.
Beyond grid benefits, the project is generating substantial local economic impact. Pacifico Energy prioritized hiring local residents for key roles, while contracting local businesses for concrete works, material transportation, and equipment rental. The project has contributed over 53 billion VND to community initiatives, including support for disadvantaged households, education funding, and infrastructure improvements.
"VietinBank is honored to be selected as the financing bank for this important project," said Le Van Hao, Director of VietinBank Ho Chi Minh Branch. "We highly appreciate the systematic and professional implementation by Pacifico Energy and their commitment to technical standards and environmental harmony. This financing demonstrates our strategic cooperation and lays the foundation for a long-term, sustainable partnership."
The Sunpro Wind Farm advances several strategic objectives for Pacifico Energy: establishing a wind power track record in Vietnam's regulatory environment, opening new development opportunities in the Mekong Delta, and demonstrating execution capability in a rapidly evolving power market. The project further positions PEG for growth with regulators, partners, and investors across the Asia-Pacific region.
The financing announcement comes as Vietnam celebrates its 80th National Day and marks 30 years of U.S.-Vietnam diplomatic relations, highlighting the role of public-private partnerships in strengthening the comprehensive strategic partnership between the two nations.
About Pacifico Energy
The Pacifico Energy Group ("PEG") has controlling interests in renewable and traditional energy development platforms and vertically integrated independent power producers (IPPs) around the globe. To date, PEG affiliates have raised and invested over $5 billion for global infrastructure and other real-asset-backed projects.
Pacifico Energy U.S. (formerly, Pacifico Power) is the U.S. segment of the Pacifico Energy Group and a forward-looking energy infrastructure firm that delivers customized on-site energy solutions to data centers, companies, and communities seeking reliable and affordable electricity. Pacifico develops, constructs, finances, and invests in prime generation (microgrid) and distributed generation projects. The company is developing a portfolio of energy projects to support AI infrastructure, including the 456-MW Ft. Spunky project in the Dallas metro area, and GW Ranch, a fully grid-independent 5-GW natural gas powered project in West Texas (https://pacificoenergy.com/).
Overseas in Asia, Pacifico Energy Group specializes in developing utility-scale solar photovoltaic and wind projects, with offices in Japan, Vietnam, and Korea. It has over 2.7 GW of projects under development, in construction and operational across the region.
Through the Vietnam office, the company successfully developed and constructed Mui Ne Solar Plant in Phan Thiet, Binh Thuan and is in the process of completing Sunpro Wind Farm Project, an onshore wind farm situated near the coast of Binh Dai, Ben Tre.
Contacts
Media Contact:
USA HQ Email: media@pacificoenergy.com
USA HQ Phone: +1 949 481 8200
Vietnam HQ Email: info@pacificoenergy.vn
Vietnam HQ Phone: +84 28 6263 8269