News

Staff Reporter

, Vietnam

Published:

6 months ago

331 views

Photo by Kelly via Pexels

Sembcorp adds 196MW of wind, solar in portfolio with Vietnam acquisition deal

It will also acquire a stake in a GELEX unit that owns a hydropower asset.

Sembcorp Industries announced that its wholly owned subsidiary Sembcorp Solar Vietnam Pte Ltd has completed the acquisitions of three out of four subsidiaries of Gelex Group Joint Stock Company (Gelex)

In a statement, Sembcorp said the acquisition added 196 megawatts (MW) of operational wind and solar assets to its portfolio.

Also part of the transaction is Sembcorp's takeover of a 73% stake in a subsidiary of Gelex which owns a 49MW hydropower asset.

“Upon completion of the entire acquisition, Sembcorp’s gross renewable energy capacity in Vietnam will be 455MW while the group’s gross renewable energy capacity will be 14.4GW,” it noted.

Sembcorp expects to complete the acquisition of the 49MW hydropower asset in the second half of 2024, subject to regulatory approvals.

Follow the link for more news on

renewable energy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Costly modules drag India's solar deployment

This has led to a shortfall in the rollout.

1 day ago

Global solar and wind energy capacity to reach new record in 2025

They will be critical in energising emerging sectors such as data centres.

1 day ago

India's offshore wind faces 12-year wait for grid parity

The VGF scheme may not be enough to fill the gap.

1 day ago

India’s VGF scheme enough to fund Indian BESS deployment

The country was urged to accelerate the distribution of funding available.

Lending & Credit

1 day ago

Exclusives

Cambodia urged to rethink its costly LNG ambitions

It should learn from peers who struggle to fuse the costly fuel into their energy systems.

Power Utility

3 days ago

Trump 2.0 could thump India's solar ambition

Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.

3 days ago

Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan

The 1.3 GW wind and solar plant may start supplying power to 1.2 million houses by 2028.

Project

Clean power must meet Asian demand amidst fading coal investment

Weaning the region off coal is a challenge, with rising electricity requirements.

Lending & Credit

Event News

Co-Written / Partner Sarawak Energy recognised with five honours at the Asian Power Awards 2024

Malaysia’s largest renewable energy developer received recognition for its digital transformation in power generation and advancements in sustainable hydropower development.