News about REE

According to BloombergNEF, renewable energy investment in Vietnam reached about $4.2 billion in the first half of 2026, up fourfold year on year, returning Vietnam to the top of Southeast Asia for the first time in five years. The growth comes as the revised Power Development Plan VIII targets strong expansion of wind and solar, driving demand for capital and long-term power purchase agreements. Since June 1, Samsung Electronics Vietnam Thai Nguyen has bought renewable power via the national grid under the direct power purchase mechanism (DPPA), sourced from the 49 MWp Đức Huệ 2 solar plant. The plan also estimates about $136.3 billion in investment for generation and transmission grids over 2026-2030, including $118.2 billion for power sources and $18.1 billion for transmission. BloombergNEF suggests greater transparency in grid fees and DPPA payments and a broader ability to aggregate corporate demand across multiple sites.

In a document dated October 22 from the Government Office, Prime Minister Lê Minh Hưng ordered provinces and cities to issue cash support policies for households installing self-use rooftop solar before December 31, calling it an urgent measure to ensure sufficient power in 2027. Battery storage systems (BESS) are encouraged alongside rooftop solar to reduce grid demand during peak hours of 17:30–22:30 daily except Sundays, and installations are to be promoted at offices, production facilities and industrial zones. As of mid-September, only Bắc Ninh and Lai Châu had issued household support policies; Bắc Ninh offers up to 1 million VND per kWp, capped at 3 million VND per household. The Ministry of Industry and Trade must assign rooftop solar targets to localities, especially in the north, before October 30, and as of end-July the country had 130,811 rooftop solar systems with total capacity above 11,200 MW.

REE Energy, a subsidiary of REE, has set up REE Energy Finance Co., Ltd. in the Vietnam International Financial Centre in Ho Chi Minh City, with initial charter capital of US$1 million (about VND 26.2 billion), wholly owned by REE Energy. Mr. Nguyễn Quang Quyền is expected to chair the company. Separately, REE disbursed VND 5 billion raised from issuing 500,000 ESOP shares at VND 10,000 each on 13/10/2026 to repay a loan. Platinum Victory Pte. Ltd also failed to buy any of the nearly 20.5 million REE shares it registered between 24/8 and 22/9/2026, keeping its stake at nearly 259.8 million shares, or 41.7% of capital.