Shizen Energy Inc.

We are pleased to announce that the onshore wind power project developed and constructed by Hai Anh Quang Tri Wind Power JSC (Hai Anh Quang Tri), in which Shizen Energy Inc. (Shizen Energy) has invested through its subsidiary, has fulfilled the detailed technical requirements for testing and test supervision, as required by the authorities. The plant has obtained a Commercial Operation Date (COD) certificate, effective November 2025.

Shizen Energy entered into a share transfer agreement with Hai Anh Quang Tri, a company developing and constructing an onshore wind power project in Quang Tri Province, Vietnam, through its subsidiary on June 13, 2024. This agreement aims to advance renewable energy projects in Vietnam. The transaction was formally approved by the Department of Finance of Quang Tri Province on May 13, 2025.

In Vietnam, electricity demand has increased in recent years due to rapid economic growth. From 2016 to 2024, electricity consumption grew from 158 TWh to 276 TWh (average 7.2% per year). For 2026 – 2030, the revised Power Development Plan VIII (2025) projects GDP growth of 8 – 10% per year and corresponding electricity demand growth of 10.3 – 12.5% annually. To meet the electricity demand in the upcoming years, Vietnam targets an expansion of onshore and nearshore wind capacity to 26,066 – 38,028 MW by 2030, 84,696 – 91,400 MW by 2050.

This project involves the deployment of a total of 40 MW of onshore wind power generation systems in Huong Hoa District, Quang Tri Province, located in north-central Vietnam. Construction has started since January 2024, with operations scheduled to commence in  November 2025. The project will install eight Shanghai Electric turbines, each with an output of 5,000 kW, for a total output of approximately 40 MW, or approximately 106 MWh per year. The electricity generated will be sold to Vietnam Electricity (EVN), and is expected to contribute to an annual reduction of 35,344 tons of greenhouse gas emissions. The project has been selected under Subsidy Programme for the Joint Crediting Mechanism (JCM) Facility Introduction by Ministry of the Environment, Japan (“MOEJ”) in FY2022^*1. 

This is the first wind power project in Vietnam approved under the Joint Crediting Mechanism by the Government of Japan and will be the second wind project for the Shizen Energy Group in the country.

Following this project, Shizen Energy and Hai Anh Quang Tri will continue to develop further wind power projects in Vietnam to contribute to the country’s decarbonization.

Business Overview

*1 Ministry of the Environment, Japan has been implementing the Subsidy Programme for the JCM Facility Introduction, which provides financial support of up to a 1/2 of the initial investment cost for projects. Representative participants in the Projects shall conduct measurement, reporting, and verification (MRV) of GHG emission reductions. In addition, this financing support programme is expected to contribute to global decarbonization by disseminating and deploying advanced decarbonizing technologies while ascertaining in detail the needs of partner countries. This project is being implemented with the cooperation of the governments of Vietnam and Japan.

About Hai Anh Quang Tri Wind Power JSC
Hai Anh Quang Tri Wind Power JSC is a company developing and constructing an onshore wind power project in Quang Tri Province and a subsidiary of Hai Anh Trading and Technologies JSC, which was established in 2003 with the mission of becoming a leading corporation in providing equipment and integrating technology solutions in the field of Automation, Digitization, Mechanical Drives, Industrial equipment.

About Shizen Energy Inc.
Founded in June 2011, Shizen Energy Group is driven by the purpose, “We take action for the blue planet,” with this commitment fuels its drive to accelerate the global shift to renewable energy by harnessing solar, wind, and biomass power to create sustainable solutions that minimize environmental impact while fostering economic growth in local communities. Since 2016, Shizen Energy has expanded its reach internationally, with projects in Southeast Asia and Brazil. In 2019, the company diversified into energy technology, introducing innovations such as micro-grids, virtual power plants (VPP), and smart EV charging services through its proprietary energy management system (EMS). With over 1 GW of renewable energy generated worldwide and recognition as the top startup by Forbes Japan in 2024, Shizen Energy continues to lead the industry. 
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