Solar company GreenYellow Vietnam has acquired a 70% stake in a local subsidiary of French independent renewable energy producer Qair. The acquisition includes the 49.5MW Binh Dinh solar power project, on which it is now operator, and its employees.
This is the company’s first large-scale ASEAN investment. “With this M&A deal, we can manage self-consumption contracts as well as large-scale energy projects, especially with the direct electricity purchase and sale mechanism,” said Sebastien Prioux, CEO of GreenYellow Vietnam and Cambodia.
