EDPR to acquire 200 MW of solar parks in Vietnam

• Renewable energy titan EDP Renovaveis SA (ELI: EDPR) has actually tattooed an offer to acquire 2 solar plants in Vietnam totalling 200 MW from regional programmer Xuan Thien Group.

The transaction is valued at USD 284 million (EUR 269.8 m), with an additional earn-out conditioned to efficiency accomplishments, the purchaser said today.

The two photovoltaic (PV) parks are located in Vietnam's Thuan Bac district and also have functioned considering that 2020. Both are offering their output at USD 93.5 per MWh via a 20-year power purchase contract (PPA).

EDPR noted it expects to have a lasting partnership with Xuan Thien Group to jointly discover further chances in the area. The renewables firm believes this will certainly add to increasing its development potential customers in the Asia-Pacific (APAC) market.

The closure is still subject to governing and various other traditional criterion problems.