Singapore Plans to Invest $US540M in Sustainable Energy in Vietnam

SP Group, a Singaporean state-owned electricity and gas distributor, has pledged an investment of S$750 million (US$540 million) for sustainable energy in Vietnam.

The company will support the country’s transition to green energy by providing solutions for both the public and private sectors, its CEO Stanley Huang said at a press conference VN Express reported on 13 May.

In 2021, the company formed a joint venture with BCG Energy Joint Stock Company, a subsidiary of Vietnamese conglomerate Bamboo Capital.

The joint venture announced a tie-up with Vinamilk, Vietnam’s largest dairy company, to install a combined 25 megawatt of rooftop solar at nine factories and seven farms.

 

 

 

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