EDP Renewables has acquired two solar PV projects in Vietnam from Xuan Thien Group for USD 284 million, effectively doubling its operational capacity in this rapidly growing renewable energy market.

Target Information

EDP Renewables Vietnam is a leading player in the renewable energy sector within the country. The company's primary business activities are centered on centralized generation through ground-mounted grid-connected solar energy systems and distributed solar energy systems. EDP Renewables operates diverse assets strategically located across various provinces in Vietnam, significantly contributing to the nation's growing clean energy landscape.

Among its notable projects are the Xuan Thien Solar Farm with a capacity of 254.8 MWp, the Trung Son Solar Farm at 35 MWp, and the CMX Solar Farm at 168 MWp. This portfolio underscores EDP's commitment to harnessing solar energy to advance sustainable growth in Vietnam.

Industry Overview in Vietnam

Vietnam's renewable energy sector is rapidly expanding, driven by strong government support and increasing energy demands. The Vietnamese government has set ambitious targets for renewable energy, aim