Pacifico Accelerates Growth in the Vietnam Energy Market

Pacifico Energy Vietnam (“PEV”), the Vietnam-based development platform of Pacifico Energy Group (“PEG”), a leading global energy infrastructure developer, today announced the commencement of commercial operations at its 30 MW Sunpro Wind Farm (“Sunpro”), adding new power capacity to Vietnam’s national grid, supporting the country’s transition to clean energy. Located in Thới Thuận Commune, Vĩnh Long Province in the Mekong Delta, Sunpro achieved commercial operations on December 19, 2025. PEG owns 100% of Sunpro, which is backed by a 20-year feed-in tariff with Vietnam Electricity Group (“EVN”), providing stable, long-term revenue.

“Sunpro’s commissioning represents a major milestone for Pacifico,” said Nate Franklin, Chairman of Pacifico Energy Group. “It underscores our long-term commitment to Vietnam’s energy security and sustainable growth, delivered through responsible project development, strict regulatory compliance, and close coordination with central and provincial authorities.”

Sunpro is PEG’s second operating power project in Vietnam, following the 40 MW Mũi Né Solar Power Plant. With Sunpro now operational, PEG continues to advance its 1GW energy development pipeline in partnership with local communities and stakeholders, supporting Vietnam’s long-term economic development and energy transition. Sunpro adds meaningful new generation capacity to Vietnam's regional power infrastructure, supplying power to 27,000 households.

“The achievement of commercial operations at Sunpro reflects disciplined execution and close coordination with government partners,” said Phạm Quốc Anh, Chief Executive Officer of Pacifico Energy Vietnam. “The project is now operating as planned and contributing reliably to Vietnam’s national grid.”

The project was financed with VND 750 billion ($28.5 million) in senior debt from Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of Vietnam's four state-owned banks and the second-largest by total assets. VietinBank provided senior debt financing for engineering, procurement, and construction activities and the refinancing of existing shareholder loans.

Project Highlights:

• Gross Capacity: 30 MW
• Technology: Wind
• Wind Turbine Generator: Goldwind GW155-4.5MW
• Annual Generation: 89 GWh
• Total Investment: VND 1,600 billion

About Pacifico Energy

Pacifico Energy (Pacifico) is a forward-looking American energy infrastructure firm that delivers customized energy solutions to companies and communities. Founded in 2012, Pacifico has developed, owned, and operated more than 1,750 MW of utility-scale, distributed, and prime generation power projects. Headquartered in San Juan Capistrano, California, with offices in Japan, South Korea, and Vietnam, Pacifico is advancing its 10 GW development pipeline. In the U.S., Pacifico is developing 8,000 MW of private grid projects supporting AI-Infrastructure or datacenter needs, in addition to an existing C&I portfolio. In the Asia-Pacific region, Pacifico is progressing with wind, solar, and battery energy projects. (www.pacificoenergy.com)

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“Sunpro’s commissioning represents a major milestone for Pacifico,” said Nate Franklin, Chairman of Pacifico Energy Group. “It underscores our long-term commitment to Vietnam’s energy security and sustainable growth..."