, Vietnam
Photo by Pixabay (Pexels).

EDPR Sunseap acquires 2 solar projects in Vietnam

The two projects have a total capacity of 255MWp.

EDPR Sunseap has completed its $284m purchase of two solar photovoltaic projects in Vietnam from local renewable energy developer Xuan Thien Group, considered to be the company’s largest utility-scale solar investment.

In a statement, EDPR said the two projects have a total capacity of 255-megawatt-peak and are under a 20-year power purchase deal at $93.5 per megawatt hour.

This will double the company’s operational capacity in Vietnam, EDPR said.

READ MORE: EDP Renewables, Sunseap close $1.1b acquisition deal

“The deal will help to accelerate the energy transition in Vietnam and the surrounding countries and EDPR Sunseap is committed to bringing in global know-how and leveraging Singapore’s strengths as a regional business hub to achieve our mission of creating a decarbonised and electrified world through clean, affordable and reliable energy,” said EDPR Sunseap Executive Chairman Pedro Vasconcelos.

EDPR Sunseap aims to manage over 2GW of installed capacity by 2025.

Follow the link for more news on

Join Asian Power community
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!

Exclusives

Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.