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Energy

PE investors scout for deals in Vietnam's renewable energy sector

Opportunities abound in $10bn annual capital requirement but challenges remain

A solar farm in Thailand.  Southeast Asian countries including Vietnam are turning to renewable energy to meet skyrocketing demand for electricity.   © Reuters

HANOI -- Private equity investors are increasingly evincing interest in Vietnam's renewable energy sector as the country, which has long relied on coal and hydropower for electricity production, seeks private investments in alternative resources.

Renewable energy emerged as one of the most preferred sectors for investments in the country in 2019 as it took the third slot after fintech and education, according to a Grant Thorton survey.

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