BGC in talks to buy Vietnam solar farms

Thứ năm, 9/7/2020 | 16:53 GMT+7
BG Container Glass (BGC), Thailand's largest glass container packaging manufacturer by capacity, is negotiating with investors in Vietnam to buy solar farms worth over 1 billion baht as it seeks new business opportunities in renewable energy.
 
BGC’s solar farm in Vietnam currently has a capacity of 67 megawatts.
 
The company expects to conclude a deal in the fourth quarter for at least two farms, with a combined capacity of 50-100 megawatts.
 
It set a budget of 1-2 billion baht for the purchases.
 
BGC chief executive Silparat Watthanakasetr said the company aims to diversify its business and is eager to invest in renewable energy, specifically solar, wind and water resources.
 
"We want to focus on renewable businesses in Vietnam, Japan and Taiwan because these countries have high potential for renewable energy development and growth in electricity demand," he said.
 
BGC plans to increase its capacity for electricity generation to 300-400MW by 2022. It already acquired a solar farm, with a capacity of 67MW, in Vietnam.
 
The company allocated 3-4 billion baht this year for renewable energy and packaging businesses.
 
BGC continues to expand its packaging business using mergers and acquisitions in Thailand.
 
The goal is to make more value-added products.
 
Source: Bangkok post