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AboitizPower plans solar, wind buys in Vietnam

Wind turbines and power lines in Ninh Thuan. Author: garycycles8. License: Creative Commons, Attribution 2.0 Generic.

April 23 (Renewables Now) - Aboitiz Power Corp (PSE:AP) seeks to buy solar and wind projects in Vietnam with individual capacities of between 50 MW and 100 MW, according to a top official.

Erramon Aboitiz, president and CEO of AboitizPower, told reporters, as quoted by local media, that the company is looking at several projects and does not have a specific total capacity target. The plan is to take advantage of the country’s feed-in tariff (FiT) scheme that supports such projects.

AboitizPower’s head noted that any project it buys in Vietnam should be developed to a certain extent already.

Other countries that are of interest to AboitizPower when it comes to expansion include Myanmar and Indonesia. Its current focus, though, is on Vietnam, the CEO said.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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