Thailand-based Super Energy Acquires Controlling Stakes in Vietnam’s Solar Projects

Apr 2020

Headquartered in Bangkok, Super Energy Corporation recently announced investment plans for four solar plants in the Binh Phuoc Province of Vietnam, with a total installed capacity of 750 megawatts (MW). The investment follows an agreement with Vietnam’s state-owned power utility Electricity of Vietnam (EVN) and is valued at USD 457 million. Under the agreement, Super Energy, through its subsidiary Super Solar Thailand Company, will acquire stakes between 70-100% in Loc Ninh 1, Loc Ninh 2, Loc Ninh 3, and Loc Ninh 4 solar plants.

The plants are scheduled to be operational in December 2020. The Thai firm expects a feed-in-tariff of USD 7.09 per kilowatt-hour over 20 years, and revenue of THB 2.16 billion (USD 66.1 million) annually from the four projects.

Founded in 1994, the Super Energy Corporation produces and distributes electricity using solar and alternative Energy sources. The company and its subsidiaries invest in various renewable Energy sources, including solar Energy, wind Energy and waste-to-Energy technologies. They also operate engineering, procurement and construction (ECP) services, as well as offering operation, maintenance and monitoring (OMM) services to solar power plants. The group is seeking to invest in renewable projects in Asia, including Japan and Indonesia.

(Sources: VnExpress, Asian Power, Energy Live News)

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