Acquisition of two solar farms in Vietnam by Singapore Power Group
A&G News 20 March 2023
Allen & Gledhill (Vietnam), as transaction counsel, advised Singapore Power Group (“SP Group”) on the purchase of 100% of the shares in two project companies which operate two solar farms in Phu Yen Province, Vietnam.
By this transaction, SP Group expands its renewable energy business from solar rooftop to ground-mounted farms in Vietnam for the first time.
The target solar farms have a total capacity of 100 MWp and were developed by Europlast, one of the largest companies operating in renewable energy and plastic industries in Vietnam.
Advising SP Group was Allen & Gledhill (Vietnam) Managing Partner Oh Hsiu-Hau.