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Envision Energy Secures Its Largest 200 MW Nearshore Wind Project in Vietnam with REE Energy, Strengthening Future Energy System Across Southeast Asia

Business

Envision Energy Secures Its Largest 200 MW Nearshore Wind Project in Vietnam with REE Energy, Strengthening Future Energy System Across Southeast Asia
Business

Business

Envision Energy Secures Its Largest 200 MW Nearshore Wind Project in Vietnam with REE Energy, Strengthening Future Energy System Across Southeast Asia

2026-08-03 12:36 Last Updated At:12:55

HO CHI MINH CITY, Vietnam, Aug. 3, 2026 /PRNewswire/ -- Envision Energy, a global leader in green technology, has secured its largest wind project in Vietnam with REE Energy, Vietnam's leading Renewable Energy Investment business. With a total capacity of 200 MW, the project is also Envision's largest overseas nearshore wind project to date, marking a major breakthrough in the deployment of its Future Energy System across Vietnam and Southeast Asia.

The Phu Cuong 1A and 1B project will deploy 25 Envision EN-226/8.X YE wind turbines, with batch deliveries scheduled to begin in the second quarter of 2027 and grid connection targeted for October 2027. Highly suited to the low- to medium-wind conditions of nearshore waters in Vietnam and across Southeast Asia, the turbines combine proven technology, strong site adaptability and reliable lifecycle performance to maximize energy production and deliver long-term project value. The project is expected to provide a replicable model for turbine selection, engineering execution, project delivery, and long-term operations and maintenance, helping reshape industry benchmarks, advance quality-led wind development and accelerate the clean energy transition across ASEAN.

Phu Cuong 1A and 1B marks Envision Energy's second landmark collaboration with REE Group, building on the strong progress of the 128 MW Vinh Long wind projects. The first batch of turbines for Vinh Long rolled off the production line at the end of April 2026, and all wind turbine units are being shipped to the project site in batches as scheduled. Envision's efficient execution and reliable delivery have laid a strong foundation for the two companies to deepen their collaboration through the Phu Cuong Project, further strengthening wind energy infrastructure and Envision's Future Energy System across Vietnam.

Edward Hou, Senior Vice President & President of Asia-Pacific Region at Envision Energy, said: "The next phase of wind development will be defined not only by scale, but by how effectively technology can be matched to local resources and long-term system needs. Through the Phu Cuong Project, Envision aims to show how locally adapted technology, reliable execution and lifecycle services can deliver enduring value. It marks an important step of Envision's Future Energy System across Southeast Asia, integrating intelligent renewable generation, energy storage, AI-powered energy management and digital capabilities to build more reliable and more resilient clean-energy infrastructure. We look forward to advancing a scalable model for nearshore wind development and supporting the energy transition in Vietnam and across the region."

"The development of nearshore wind in Vietnam calls for long-term partnerships built on suitable technology, reliable delivery and sustained asset performance," said Mr. Nguyen Quang Quyen, Managing Director of REE Energy, "The progress achieved together on the Vinh Long project has deepened our confidence in Envision as a trusted partner. The Phu Cuong Project represents the next step in our collaboration and an opportunity to apply these capabilities at greater scale. Together, we aim to deliver a high-quality project that supports the reliable development of nearshore wind and contributes to Vietnam's long-term energy transition."

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Envision Energy Secures Its Largest 200 MW Nearshore Wind Project in Vietnam with REE Energy, Strengthening Future Energy System Across Southeast Asia

Envision Energy Secures Its Largest 200 MW Nearshore Wind Project in Vietnam with REE Energy, Strengthening Future Energy System Across Southeast Asia

SINGAPORE, Aug. 2, 2026 /PRNewswire/ -- XTransfer, the world's leading B2B cross-border trade payment platform, is proud to announce it has been named, for the first time, to CNBC's 2026 list of the World's Top Fintech Companies (Payments Segment). The inclusion not only recognises XTransfer's ongoing commitment to empowering SMEs with secure, efficient and accessible cross-border payment solutions, but also highlights its growing influence in the industry.

The annual ranking, produced in collaboration with Statista, the world-leading statistics portal and industry ranking provider, recognises the most innovative and high-impact fintech firms globally.

"This recognition reflects the dedication of our team and the trust our customers and partners place in us every day," said Bill Deng, Founder and CEO of XTransfer. "Cross-border financial operations can be complex, especially for SMEs. We focus on solving the real operational challenges behind international payments, reducing friction, improving visibility, and strengthening risk controls, so businesses can concentrate on growth."

XTransfer's inclusion underscores the company's growing role in the global payments ecosystem and its long-term mission to make cross-border trade payments simpler, safer, and more accessible for SMEs worldwide. XTransfer will continue to invest in compliance and product innovation, while deepening collaboration with top-tier financial institutions to help more businesses trade globally with confidence.

CNBC's World's Top Fintech Companies list evaluates thousands of firms across seven key segments, including Payments and Enterprise Technology. Companies were assessed based on quantitative KPIs, growth metrics, and industry influence, with data sourced from public reports, company submissions, and independent research.

Based on the results of the study, XTransfer is honoured to be recognised on CNBC's World's Top Fintech Companies 2026 list. View list here.

About XTransfer

XTransfer, the world's largest B2B cross-border trade payment platform with over US$60 billion TPV in 2025, according to CIC. Founded in 2017 as one of the first payment platforms worldwide dedicated to B2B cross-border trade, we serve the largest customer base of over 890,000 registered SMEs globally.

We connect top-tier financial institutions directly to SMEs, the backbone of global trade, giving businesses of every size access to the same secure, compliant and seamless payment infrastructure once reserved for multinationals. As of March 31, 2026, we provide payment services across more than 200 countries and regions through partnerships with financial institutions, including some of the most established international banks around the world.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

XTransfer Named to CNBC's World's Top Fintech Companies 2026

XTransfer Named to CNBC's World's Top Fintech Companies 2026

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