Gresham House Acquires Asia Clean Capital Vietnam To Expand Renewable Energy Platform In Vietnam

Gresham House has signed an agreement to acquire Asia Clean Capital Vietnam, marking an important step in expanding its renewable energy presence in Southeast Asia. The announcement was made on March 11 and reflects the growing international interest in Vietnam’s clean energy market as the country accelerates its transition toward sustainable power.

The acquisition was carried out through the SUSI Asia Energy Transition Fund, which operates under Gresham House’s Energy Transition division after the firm integrated SUSI Partners into its operations. The fund had already been an investor in ACCV, but with this latest transaction, it has now become the sole equity owner of the company. ACCV will also become a central part of OASIS, Gresham House’s commercial and industrial renewable energy platform in the region.

Founded in 2020, ACCV has quickly developed a strong presence in Vietnam’s decentralized energy sector. The company focuses on delivering on-site solar energy solutions and other clean power infrastructure for multinational companies and large industrial clients. Its services mainly include rooftop solar installations and battery energy storage systems that help businesses lower their carbon emissions and reduce dependence on traditional power sources. With many global companies looking to meet sustainability targets, demand for such solutions has been increasing rapidly.

The deal comes at a time when Vietnam is introducing major regulatory changes to support renewable energy adoption. One of the key developments is the introduction of Direct Power Purchase Agreements, which allow companies to buy electricity directly from renewable energy producers. These policy changes are expected to create more opportunities for clean energy developers and attract greater investment into the sector.

According to Gresham House, Vietnam’s strong industrial expansion and supportive energy policies make the country an attractive destination for long-term investment. The firm believes the acquisition will strengthen ACCV’s ability to grow its operations and support international manufacturers that are seeking reliable and sustainable energy solutions in Vietnam’s industrial zones.

Wymen Chan, Head of Energy Transition for Asia at Gresham House, expressed confidence in ACCV’s management team and the market potential in the country. He noted that the company operates in a high-growth sector and is well positioned to benefit from the rising demand for clean energy.

With this acquisition, Gresham House further expands its renewable energy portfolio across Southeast Asia, complementing its existing initiatives in countries such as Thailand, the Philippines, and Cambodia. The transaction also highlights the increasing flow of international capital into Vietnam’s renewable energy sector as the country works toward its long-term decarbonization and sustainability goals.