Thai company buys two more solar plants in Viet Nam

Thai energy company Banpu PCL has agreed to acquire the companies holding a 50-MW portfolio of two solar parks in Viet Nam in a deal worth 26.7 million USD, according to the company.
Thai company buys two more solar plants in Viet Nam
Thai company buys two more solar plants in Viet Nam - Illustrative image. (Photo: VNA)

The two are the 15-MW Chu Ngoc solar park in the Central Highlands province of Gia Lai and the 35-MW Nhon Hai photovoltaic (PV) farm in the central province of Ninh Thuan.

Both plants receive feed-in tariffs (FiTs) of 0.0935 USD/kWh and have in place 20-year power purchase agreements with the Vietnam Electricity (EVN). The smaller one became operational in June 2019, while the bigger has been generating electricity since July 2020.

According to the agreement, the assets will be purchased by BRE Singapore Pte Ltd, a subsidiary of Banpu Next Co Ltd.

The transaction is subject to certain adjustments and customary approvals, and is due to be completed in the second quarter of the year.

The deal comes on the heels of Banpu's agreement from December last year to buy the 50-MW Ha Tinh solar farm in Viet Nam's Ha Tinh province for 23.9 million USD. The Bangkok-based company then said the acquisition will be finalised in the first quarter of 2022.

TIN LIÊN QUAN
Lossmaking plants to afloat thanks to Government scheme
New technology applied in coastal erosion prevention in Ba Ria-Vung Tau
Company assists HCM City’s care of the elderly
C.P. Vietnam: A third of a century accompanying the development of Viet Nam’s future agriculture
Korean goods fair to open online from December 7 to 10
(Source: VNA)

Relate News