On 26 December 2025, the Savan 1 Wind Power Project reached commercial operation. DFDL acted as legal adviser in both Vietnam and Laos to Savan 1 Wind Power Company Limited, a subsidiary of T&T Group, on this cross-border project financing transaction.
Transaction Overview and Project Significance
Located in Savannakhet Province, Laos, the Savan 1 Wind Power Project represents T&T Group’s largest onshore wind power development to date. Phase 1 of the project will deliver an installed capacity of up to 300 MW, with a total investment value of approximately USD 490 million. The project marks a significant milestone in T&T Group’s strategy to expand its renewable energy portfolio beyond Vietnam and to promote deeper regional energy integration.
The project financing was arranged through a syndicate of leading Vietnamese banks, led by Military Commercial Joint Stock Bank (MB). The project benefits from a long-term concession granted by the Government of the Lao PDR, enabling cross-border electricity exports to Vietnam and contributing to regional energy security, particularly in Northern Vietnam.
Advisory Team
DFDL’s involvement in this transaction reflects its extensive experience in cross-border project finance and renewable energy transactions in Laos and Vietnam. The teams in Vietnam and Laos were led by partners Martin Desautels, Phong Anh Hoang, Kristy Newby and Standré Bezuidenhout, with support from Senesakoune Sihanouvong and legal advisers Tu Nguyen, Minh Anh Tran, Thao Nguyen and Ishaan Michael.
DFDL is honored to have supported T&T Group and the financing institutions on this milestone transaction, advancing the development of renewable energy and strengthening cross-border power cooperation in the region.
