—has agreed to buy a 49% stake in Solar NT, a unit of Thailand’s Super Energy Corp. in Vietnam, for $165 million as the Philippines’ oldest conglomerate steps up its investments in renewable energy across Asia.
. The duo plans to expand their renewable energy footprint in Vietnam, while exploring other opportunities across Southeast Asia, AC Energy said in a“Super has accomplished a lot in Vietnam, and we wish to support its solar expansion in Vietnam and beyond through our partnership,” AC Energy president and CEO Eric Francia said in the statement. “This will help accelerate ACEN’s aggressive renewables expansion across the region.
The Vietnam deal comes just days after ACEN and its partner UPC Solar Asia Pacific said on Monday that they are investingin the central Indian state of Madhya Pradesh. The 420-megawatt peak facility will be the duo’s third and largest solar project in the country where AC Energy. AC Energy has been stepping up its investments in solar energy to achieve its goal of becoming the largest listed renewable energy platform in Southeast Asia. It has over 3,000 megawatts of attributable electricity generating capacity across Australia, India, Indonesia, the Philippines and Vietnam, with another 18,000 megawatts being developed organically and with various partners across the region.
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