Sembcorp, BCG Energy to develop 1.5GW renewable energy project in Vietnam

The first phase of the collaboration will involve initial funding of $40.95m

Sembcorp Utilities and BCG Energy will jointly develop a pipeline of up to 1.5 GW wind and solar projects in Vietnam.

A total of $40.95m (USD$30m) will be allotted for the first phase of the collaboration which involves the development of a 550MW portfolio of utility-scale nearshore and onshore wind assets in Ca Mau, Tra Vinh, and Soc Trang.

BGC Energy CEO, Pham Minh Tuan, said the collaboration project will not only bring “economic benefits to both companies,” but also promotes clean energy transition in Vietnam.

Under Vtienamna’s draft of the eighth power development plan (PDP VIII), the country will be “prioritising the development of renewable energy.”

Sembcorp Industries said the signing of the agreement will not have a material impact on its earnings per share and net asset value per share for the financial year ending 31 December 2021.

Follow the link for more news on

Sembcorp Industries

renewable energy

Also Read

Sembcorp wins 150MW wind-solar hybrid power project in India

Mooreast subsidiary, NTOU sign MoU for marine energy research

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