SK Group keen to develop solar and wind power in Vietnam

The signing ceremony was attended by officials of the two companies, Kim Jeong-hoon, CEO of SK ecoplant Factory Solution Business Department, and Pham Minh Tuan, CEO of BCG Energy.

Under the terms of the MoU, the two companies will begin jointly developing a 700MW renewable energy project, including a 300MW onshore wind power, a 300MW rooftop solar power, and a 100MW onshore solar power.

BCG Energy is a pillar member company of Bamboo Capital Group and is in charge of the renewable energy segment. BCG Energy has built and put into operation large-scale solar power plants such as BCG Long An 1, BCG Long An 2, BCG Vinh Long, BCG Phu My, and BCG Gia Lai. In addition, the company also develops rooftop solar power systems in many provinces and cities across the country.

BCG Energy's total operational renewable energy capacity as of December, 2023, reached nearly 700MW. The company is also deploying an additional 229MW and plans to develop an additional 670MW ahead in the near future.

SK ecoplant is therefore poised to seek renewable energy projects which boast great potential, including wind power production in Gia Lai, a highland region in Central Vietnam that boasts abundant wind resources.

Jung-hoon said that with diverse experience, as well as specialised solution capabilities in engineering and renewable energy, SK ecoplant will be able to contribute to making full use of Vietnam’s abundant renewable energy resources.

The company will also strive to contribute to the global carbon reduction plan whilst taking the lead in solving climate issues based on the renewable energy value chain.

In August, 2023, SK ecoplant was appointed as the key company in the Concho solar power project in Texas.