SK ecoplant, BCG Energy to develop renewable energy projects in Vietnam

By VNA March 25, 2024 | 12:38 am PT

Solar panels in central Binh Thuan Province. Photo by VnExpress/Viet Quoc

BCG Energy, under Bamboo Capital Vietnam, has entered into a partnership with South Korean renewable energy investor SK ecoplant to establish a solar and wind power project with a 700 MW capacity in Vietnam.

The deal signed in Seoul on March 22 outlines a joint effort to develop a project comprising 300MW of onshore wind power, 300MW of rooftop solar power, and 100MW of onshore solar power.

As of December 2023, BCG Energy's total renewable energy capacity in operation neared 700MW. The company is currently deploying an additional 229MW and plans to develop 670 more MW in the future.

SK ecoplant, a subsidiary of SK Group, meanwhile, aims to seek out renewable energy projects with significant potential, including wind power production in the Central Highlands province of Gia Lai.

Kim Jung-hoon, CEO of the company's factory solutions business unit, stated that with its diverse experience and specialised technical capabilities, SK ecoplant will be able to fully utilise Vietnam's abundant renewable energy resources. The company is committed to contributing to global carbon reduction efforts and leading the way in addressing climate issues based on the renewable energy value chain.