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SP Group (SP) and BCG Energy Joint Stock Company (BCG Energy), a 100% owned subsidiary of Bamboo Capital Group, signed a Memorandum of Understanding (MoU) on investment into renewable energy projects in Vietnam. Memorandum of Understanding on the transfer of 49% shares of Skylar Joint Stock Company (Skylar) – a subsidiary of BCG Energy.
Skylar currently has 61.1MW of rooftop solar capacity. These rooftop solar projects are located in 14 provinces across Vietnam. SP and BCG Energy will jointly explore investment opportunities and develop solar power projects in Vietnam, supporting Vietnam’s ambitious goal of increasing the proportion of electricity produced from renewable energy sources to about 30% by 2030.
Skylar is a company specializing in rooftop solar energy, which has implemented a series of large projects at factories and industrial parks across Vietnam. BCG Energy is a pioneer in the field of renewable energy development in Vietnam. In recent years, realizing the increasingly serious energy scarcity in Vietnam, BCG Energy has constantly focused on researching and implementing renewable energy projects to create alternative power sources. BCG Energy has been working closely with the world’s leading partners in the renewable energy industry to find technology solutions, construction planning, environmental solutions, as well as analysis and research needs. energy in localities, thereby investing in renewable energy plants with large capacity in Vietnam.
Mr. Pham Minh Tuan, CEO of BCG Energy said: “Our aspiration is to build a leading renewable energy company in Vietnam and the stature of Asia. We aim to develop 1.5 GW of solar energy by 2023, BCG Energy will also focus on developing an additional 500 MW of rooftop solar in factories and industrial parks throughout Vietnam. .
I believe that the partnership with SP will help BCG Energy and SP jointly contribute to speeding up the development of solar energy projects, especially rooftop solar power in industrial parks with abundant surpluses. land for development.”
SP Group General Director, Mr. Stanley Huang, added: “Vietnam is an important strategic market for SP and the partnership with BCG Energy will create a solid foundation for us to invest in energy projects. renewable energy by leveraging the strengths of both sides.”
In December 2020, SP Group established a Vietnam office in Ho Chi Minh City. SP provides sustainable energy and digital solutions to create value-added solutions for Vietnamese customers and establish SP’s position as a leading sustainable energy solutions company in Asia Pacific.