GreenYellow purchases Qair's unit in Vietnam, stake in 50-MWp solar park

• French clean power options service provider GreenYellow has actually acquired the Vietnamese unit of compatriot Qair along with its majority interest in a 49.5-MWp solar farm in the Asian country's Binh Dinh province.

The transaction was confirmed on social media on Friday by Huy Ng, Partnership and Development Manager at GreenYellow Asia. Financial information were kept under wraps.

The acquisition was agreed upon in August as well as includes Qair's regional group in Vietnam. As part of the setup, GreenYellow has taken possession of Qair's 70% stake in the Binh Dinh solar farm. Found in Cat Hiep, the plant has actually been creating electrical power given that 2019. Its co-owner is Truong Thanh Vietnam Group.

The procurement is GreenYellow's very first large-scale handle the Association of Southeast Asian Nations (ASEAN), where it results from reveal even more offers next year, Huy Ng stated. Via the deal, the total renewable resource profile of the French firm in Vietnam and Southeast Asia has actually broadened to greater than 250MWp, of which over 150 MWp are solar assets in Vietnam.