Solarvest Acquires 12.8MW in Vietnam

Sep 25, 2023 01:23 PM ET
  • Solarvest has achieved a milestone by acquiring 11 rooftop solar photovoltaic installation projects located in Vietnam, with a combined capacity of 12.8MWp. The expansion plan provides additional income and job opportunities and is expected to strengthen the company's position in the region. Davis Chong Chun Shiong is delighted at the progress made in Solarvest's expansion efforts.
Solarvest Acquires 12.8MW in Vietnam

Solarvest has acquired 11 rooftop solar photovoltaic installation projects located in Vietnam, with a combined capacity of 12.8MWp. The company has collaborated with a local partner to provide engineering, procurement, construction and commissioning services for the projects. This acquisition is part of the company's five-year strategic roadmap to expand overseas, and is expected to provide Solarvest with additional income and job opportunities. The executive director and Group chief executive Davis Chong Chun Shiong expressed his delight at the progress made in the company's expansion efforts.

What Progress Has Solarvest Made in Overseas Expansion?

  • Solarvest has acquired 11 rooftop solar photovoltaic installation projects located in Vietnam, with a combined capacity of 12.8MWp.
  • This marks Solarvest’s first foray into the Southeast Asian market.
  • Solarvest is collaborating with a local partner to provide engineering, procurement, construction, and commissioning services for the projects.
  • The acquisition is part of the company’s five-year strategic roadmap to expand overseas.
  • Solarvest expects the projects to provide additional income and job opportunities.
  • Executive Director and Group Chief Executive Davis Chong Chun Shiong expressed his delight at the progress made in the company’s expansion efforts.
  • Solarvest is now looking to expand into other markets in the region.
  • Solarvest plans to continue to establish new partnerships in order to secure more installation projects.

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Solar Installers, Manufacturers