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Singapore renewables firm eyes east Asia for utility scale capacity growth

December 07, 2022

Reuters:

Singapore-based renewables firm EDPR Sunseap is eyeing north Asian economies as well as Vietnam and Australia to expand its utility-scale growth capacity, said a company executive on Wednesday.

"Today our utilities strategy is heavily focused on Vietnam, China, South Korea, Japan and potentially Australia if we can find the opportunities to get in," said Pedro Vasconcelos, executive chairman of EDPR Sunseap.

"For the longer term perspective, we see Australia positioning itself as a potential green energy exporter for the region. Using their own high quality solar and wind resource, they can become, in time, a significant exporter of green energy."

EDPR Sunseap is the Asia Pacific hub for EDP Renewables (EDPR) (EDPR.LS), the world's fourth-largest renewable energy producer. It aims to triple its renewable energy capacity to over 2 gigawatt (GW) by 2025.

"We see more and more Vietnam and Thailand really growing in terms of industrialisation," said Vasconcelos. "So the ability to work in these countries and do large-scale decentralised generation is indeed an important factor for our growth."

[Staff Report]

More: EDPR Sunseap eyes east Asia, Vietnam for utility scale capacity growth

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