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Banpu PCL Acquires 50 MW Portfolio Of 2 Solar Parks


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Banpu PCL to purchase firm with a 50 MW portfolio of 2 solar parks worth 26.7 million USD in Vietnam. The solar parks are 15 MW Chu Ngoc, Gia Lai, and 35 MW Nhon Hai PV farm in Ninh Thuan.


Banpu Public Company Limited is an international versatile energy provider with 3 core groups of businesses: energy resources, energy generation, and energy technology in 10 countries – Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan, the United States of America and Vietnam.

“This will not change our goal because we have a clear path moving toward a sustainable power business with smarter and greener energy,” said Banpu Chief Executive Somruedee Chaimongkol.

Both solar parks receive feed-in tariffs of 0.0935 USD/kWh and have 20 years of PPA with Vietnam Electricity. The Chu Ngoc solar park started the operation in June 2019 and the Nhon Hai PV farm started in July 2020.

The assets will be acquired by BRE Singapore Pte Ltd which is a subsidiary of Banpu Next. Certain adjustments will be completed after June 2022. The deal was supposed to be finalized last year but was delayed.

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