Sembcorp completes acquisition of 245MW renewables portfolio in Vietnam

Singaporean state-owned energy company Sembcorp has completed the acquisition of 245MW of renewables projects in Vietnam.

After the acquisition, the company will add 196MW of solar and wind assets to its portfolio. The company said that it will also acquire a 73% stake in a subsidiary of GELEX Group Joint Stock Company as part of the acquisition. After completion of the entire acquisition, Sembcorp’s renewables capacity in Vietnam will reach 455MW, while the group’s gross renewables capacity will be 14.4GW.