Leader Energy from Singapore pours $43.6 million into BCG Energy
Leader Energy from Singapore pours $43.6 million into BCG Energy
BCG energy will use the funding from Leader Energy to continue investing in renewables
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A virtual signing ceremony on the investment and co-development in renewable energy has recently been held between BCG Energy and Leader Energy Pte., Ltd., an energy corporation headquartered in Singapore. This follows a previous deal in 2019, when BCG Energy successfully raised $5 million convertible bonds from Hanwha Energy.
Receiving growing interest from international investors, BCG Energy has strengthened its brand and reputation by focusing on increasing its capabilities in the renewable energy industry. In 2019, BCG Energy had successfully completed construction and began commercial operations of two solar farm projects, BCG – CME Long An 1 & 2 (Long An province) with the total capacity of 40.6MW and 100.5MW, respectively.
Currently, BCG Energy is also constructing the 330MW Phu My solar farm (Binh Dinh province); and 49.3MW VNECO solar farm (Vinh Long province) with the expected commercial operation date before December 31, 2020. Early next year, BCG Energy will start the construction of the 50MW Krong Pa 2 solar farm (Gia Lai province).
BCG Energy is also developing numerous rooftop solar projects with the total capacity of 50MW in various industrial parks in the south region of Vietnam. In the wind energy sector, BCG Energy owns a 550MW portfolio in Ca Mau, Soc Trang, and Tra Vinh provinces. BCG Energy aims to reach 2.3GW of total capacity of energy projects installed by 2025.
Leader Energy, a subsidiary of Singapore-based HNG Capital, was founded in 1994. The corporation has over 20 years of experience in the power sector. As of today, the company has experienced significant success through the acquisition and development of multiple energy generating projects throughout Cambodia, Vietnam, and Malaysia. Leader Energy targets to build a balanced portfolio of generation technologies and geographical diversification in the high-growth markets of Southeast Asia.
